Metallus Inc. (NYSE:MTUS) Short Interest Up 17.3% in May

Metallus Inc. (NYSE:MTUS - Get Free Report) saw a large increase in short interest in the month of May. As of May 15th, there was short interest totalling 2,240,000 shares, an increase of 17.3% from the April 30th total of 1,910,000 shares. Based on an average trading volume of 399,200 shares, the short-interest ratio is currently 5.6 days. Approximately 6.3% of the company's stock are sold short.

Institutional Investors Weigh In On Metallus

Institutional investors have recently modified their holdings of the business. Amundi lifted its stake in Metallus by 207.8% during the 4th quarter. Amundi now owns 23,845 shares of the company's stock valued at $320,000 after acquiring an additional 16,097 shares during the period. Barclays PLC lifted its position in Metallus by 72.7% during the fourth quarter. Barclays PLC now owns 120,045 shares of the company's stock valued at $1,697,000 after purchasing an additional 50,543 shares during the period. Millennium Management LLC purchased a new stake in Metallus in the fourth quarter worth approximately $3,590,000. Principal Financial Group Inc. boosted its holdings in Metallus by 1.8% in the fourth quarter. Principal Financial Group Inc. now owns 202,805 shares of the company's stock worth $2,866,000 after purchasing an additional 3,511 shares during the last quarter. Finally, Rhumbline Advisers grew its position in Metallus by 2.8% in the 4th quarter. Rhumbline Advisers now owns 125,443 shares of the company's stock worth $1,772,000 after purchasing an additional 3,386 shares during the period. 77.58% of the stock is owned by hedge funds and other institutional investors.

Metallus Trading Down 2.0%

NYSE:MTUS traded down $0.29 on Thursday, reaching $14.07. 483,760 shares of the stock traded hands, compared to its average volume of 373,976. The company has a market capitalization of $592.46 million, a price-to-earnings ratio of 27.06, a PEG ratio of 1.02 and a beta of 1.33. Metallus has a 12 month low of $10.78 and a 12 month high of $23.26. The company's fifty day simple moving average is $12.84 and its 200 day simple moving average is $14.18.

Metallus (NYSE:MTUS - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.07 earnings per share for the quarter, missing analysts' consensus estimates of $0.11 by ($0.04). Metallus had a return on equity of 6.15% and a net margin of 2.05%. The firm had revenue of $280.50 million during the quarter, compared to analysts' expectations of $264.03 million. During the same quarter in the previous year, the firm earned $0.56 earnings per share. Metallus's revenue was down 12.8% on a year-over-year basis. Equities analysts anticipate that Metallus will post 0.66 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on MTUS. Sidoti upgraded shares of Metallus to a "hold" rating in a report on Friday, May 9th. Wall Street Zen raised Metallus from a "sell" rating to a "hold" rating in a report on Friday, May 30th.

Metallus Company Profile

Metallus Inc manufactures and sells alloy steel, and carbon and micro-alloy steel products in the United States and internationally. The company offers special bar quality (SBQ) bars, seamless mechanical tubes, precision steel components, and billets that are used in gears, hubs, axles, crankshafts and motor shafts, oil country drill pipes, bits and collars, bearing races and rolling elements, bushings, fuel injectors, wind energy shafts, anti-friction bearings, artillery and mortar bodies, and other applications.

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