POSCO Holdings Inc. (NYSE:PKX) Short Interest Down 18.8% in February

POSCO Holdings Inc. (NYSE:PKX) was the recipient of a significant decline in short interest during the month of February. As of February 28th, there was short interest totalling 773,400 shares, a decline of 18.8% from the February 13th total of 952,900 shares. Approximately 0.3% of the shares of the stock are short sold. Based on an average daily volume of 317,900 shares, the short-interest ratio is presently 2.4 days.

Analyst Ratings Changes

Separately, StockNews.com lowered POSCO from a “buy” rating to a “hold” rating in a research note on Thursday, January 2nd.

POSCO Trading Up 1.6 %

Shares of PKX stock opened at $53.34 on Thursday. The company has a quick ratio of 1.35, a current ratio of 1.93 and a debt-to-equity ratio of 0.24. The business has a 50-day moving average price of $46.14 and a two-hundred day moving average price of $53.45. POSCO has a 12-month low of $39.40 and a 12-month high of $81.94. The firm has a market cap of $16.19 billion, a P/E ratio of 24.47, a price-to-earnings-growth ratio of 2.14 and a beta of 1.40.

Institutional Investors Weigh In On POSCO

Several hedge funds have recently added to or reduced their stakes in the company. Parvin Asset Management LLC bought a new stake in shares of POSCO in the 4th quarter valued at about $29,000. Bank Julius Baer & Co. Ltd Zurich bought a new stake in shares of POSCO in the 4th quarter valued at about $41,000. R Squared Ltd bought a new stake in shares of POSCO in the 4th quarter valued at about $46,000. Wilmington Savings Fund Society FSB lifted its stake in shares of POSCO by 5,312.5% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 2,165 shares of the basic materials company’s stock valued at $94,000 after acquiring an additional 2,125 shares during the last quarter. Finally, Avior Wealth Management LLC lifted its stake in shares of POSCO by 49.2% in the 4th quarter. Avior Wealth Management LLC now owns 2,228 shares of the basic materials company’s stock valued at $97,000 after acquiring an additional 735 shares during the last quarter.

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.