POSCO Holdings Inc. (NYSE:PKX) Short Interest Update

POSCO Holdings Inc. (NYSE:PKX - Get Free Report) was the recipient of a large growth in short interest in the month of April. As of April 15th, there was short interest totalling 1,430,000 shares, a growth of 99.0% from the March 31st total of 718,700 shares. Currently, 0.5% of the company's stock are sold short. Based on an average daily volume of 384,000 shares, the short-interest ratio is presently 3.7 days.

POSCO Stock Performance

Shares of NYSE:PKX traded up $0.95 on Friday, hitting $46.22. 224,986 shares of the company were exchanged, compared to its average volume of 249,921. The stock's 50 day moving average price is $47.76 and its 200 day moving average price is $48.48. The firm has a market capitalization of $14.03 billion, a P/E ratio of 21.20, a price-to-earnings-growth ratio of 2.14 and a beta of 1.33. POSCO has a 1-year low of $39.40 and a 1-year high of $75.56. The company has a current ratio of 1.93, a quick ratio of 1.35 and a debt-to-equity ratio of 0.24.

POSCO (NYSE:PKX - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The basic materials company reported $0.64 EPS for the quarter, missing the consensus estimate of $0.69 by ($0.05). POSCO had a net margin of 1.55% and a return on equity of 1.87%. The company had revenue of $12 billion during the quarter, compared to analyst estimates of $12.12 billion. Sell-side analysts predict that POSCO will post 3.74 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Northern Trust Corp grew its stake in shares of POSCO by 157.0% during the 4th quarter. Northern Trust Corp now owns 429,264 shares of the basic materials company's stock worth $18,613,000 after purchasing an additional 262,257 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of POSCO by 19.7% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 384,512 shares of the basic materials company's stock worth $16,672,000 after purchasing an additional 63,336 shares during the last quarter. American Century Companies Inc. lifted its holdings in shares of POSCO by 8.2% during the 4th quarter. American Century Companies Inc. now owns 369,394 shares of the basic materials company's stock worth $16,017,000 after acquiring an additional 28,124 shares during the period. BNP Paribas Financial Markets boosted its holdings in shares of POSCO by 0.5% in the 4th quarter. BNP Paribas Financial Markets now owns 254,219 shares of the basic materials company's stock valued at $11,023,000 after purchasing an additional 1,165 shares during the last quarter. Finally, Altrius Capital Management Inc increased its stake in POSCO by 25.2% during the fourth quarter. Altrius Capital Management Inc now owns 153,330 shares of the basic materials company's stock worth $6,648,000 after acquiring an additional 30,863 shares during the last quarter.

About POSCO

POSCO Holdings Inc, together with its subsidiaries, operates as an integrated steel producer in Korea and internationally. It operates through six segments: Steel, Trading, Construction, Logistics and Others, Green Materials and Energy, and Others. The company engages in the production, import, sale, and export of steel products, such as hot and cold rolled steel, stainless steel, plates, wire rods, and silicon steel sheets, as well as pig iron, billets, blooms, and slabs; trading of steel and raw materials, textiles, agricultural commodities, and other goods; natural resources development and power generation activities; and planning, designing, and construction of industrial plants, civil engineering projects, and commercial and residential buildings.