Metallus Inc. (NYSE:MTUS) Sees Large Increase in Short Interest

Metallus Inc. (NYSE:MTUS - Get Free Report) saw a large increase in short interest in 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. Approximately 6.3% of the company's shares are sold short. Based on an average trading volume of 399,200 shares, the days-to-cover ratio is presently 5.6 days.

Institutional Trading of Metallus

Large investors have recently made changes to their positions in the company. GAMMA Investing LLC lifted its stake in Metallus by 108.1% in the first quarter. GAMMA Investing LLC now owns 1,883 shares of the company's stock worth $25,000 after acquiring an additional 978 shares during the last quarter. Quadrant Capital Group LLC raised its holdings in shares of Metallus by 36.3% in the 4th quarter. Quadrant Capital Group LLC now owns 2,943 shares of the company's stock valued at $42,000 after purchasing an additional 783 shares in the last quarter. CWM LLC lifted its position in shares of Metallus by 60.2% during the 1st quarter. CWM LLC now owns 3,421 shares of the company's stock worth $46,000 after purchasing an additional 1,286 shares during the last quarter. Tower Research Capital LLC TRC lifted its position in shares of Metallus by 103.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 4,775 shares of the company's stock worth $67,000 after purchasing an additional 2,431 shares during the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC acquired a new position in shares of Metallus during the first quarter worth $67,000. 77.58% of the stock is currently owned by hedge funds and other institutional investors.

Metallus Stock Performance

Shares of Metallus stock traded up $0.03 during trading hours on Friday, reaching $14.08. 356,726 shares of the company were exchanged, compared to its average volume of 375,476. The firm has a market cap of $592.88 million, a PE ratio of 27.08, a PEG ratio of 1.02 and a beta of 1.33. Metallus has a 1 year low of $10.78 and a 1 year high of $23.26. The stock's fifty day moving average is $12.87 and its 200 day moving average is $14.16.

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

Wall Street Analysts Forecast Growth

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