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

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

Institutional Trading of POSCO

Several hedge funds have recently modified their holdings of PKX. Ballentine Partners LLC increased its holdings in POSCO by 36.2% during the 1st quarter. Ballentine Partners LLC now owns 10,970 shares of the basic materials company's stock valued at $521,000 after purchasing an additional 2,916 shares in the last quarter. Cerity Partners LLC raised its holdings in shares of POSCO by 59.9% in the first quarter. Cerity Partners LLC now owns 23,417 shares of the basic materials company's stock valued at $1,113,000 after buying an additional 8,776 shares during the last quarter. DMC Group LLC lifted its position in POSCO by 11.2% during the 1st quarter. DMC Group LLC now owns 8,884 shares of the basic materials company's stock worth $422,000 after buying an additional 895 shares in the last quarter. PDS Planning Inc grew its holdings in POSCO by 21.6% during the 1st quarter. PDS Planning Inc now owns 6,046 shares of the basic materials company's stock worth $287,000 after acquiring an additional 1,073 shares during the last quarter. Finally, Sequoia Financial Advisors LLC increased its position in POSCO by 30.8% in the 1st quarter. Sequoia Financial Advisors LLC now owns 14,663 shares of the basic materials company's stock valued at $697,000 after acquiring an additional 3,453 shares in the last quarter.

POSCO Stock Performance

POSCO stock traded down $0.30 on Thursday, hitting $45.23. The company's stock had a trading volume of 161,659 shares, compared to its average volume of 248,582. The company has a fifty day moving average price of $47.85 and a 200-day moving average price of $48.94. The firm has a market cap of $13.73 billion, a P/E ratio of 20.75, a price-to-earnings-growth ratio of 2.14 and a beta of 1.33. POSCO has a one year low of $39.40 and a one year high of $75.56. The company has a quick ratio of 1.35, a current ratio of 1.93 and a debt-to-equity ratio of 0.24.

POSCO (NYSE:PKX - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The basic materials company reported $0.64 earnings per share for the quarter, missing analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $12.12 billion. On average, equities analysts anticipate that POSCO will post 3.74 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered POSCO from a "buy" rating to a "hold" rating in a report on Thursday, January 2nd.

POSCO Company Profile

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.