POSCO Holdings Inc. (NYSE:PKX) Short Interest Down 14.2% in February

POSCO Holdings Inc. (NYSE:PKX) saw a significant decline in short interest during the month of February. As of February 15th, there was short interest totalling 952,900 shares, a decline of 14.2% from the January 31st total of 1,110,000 shares. Based on an average daily trading volume, of 307,500 shares, the short-interest ratio is presently 3.1 days. Currently, 0.3% of the company’s shares are short sold.

POSCO Trading Up 4.9 %

Shares of POSCO stock traded up $2.47 during mid-day trading on Friday, hitting $53.13. The stock had a trading volume of 182,363 shares, compared to its average volume of 188,035. The firm has a 50-day moving average of $44.57 and a two-hundred day moving average of $54.19. 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 firm has a market cap of $16.13 billion, a P/E ratio of 24.35, a price-to-earnings-growth ratio of 2.14 and a beta of 1.39. POSCO has a 12-month low of $39.40 and a 12-month high of $85.84.

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of PKX. Parvin Asset Management LLC acquired a new position in shares of POSCO in the fourth quarter valued at approximately $29,000. Bank Julius Baer & Co. Ltd Zurich acquired a new position in POSCO during the 4th quarter worth $41,000. R Squared Ltd acquired a new position in shares of POSCO during the fourth quarter worth about $46,000. Allspring Global Investments Holdings LLC purchased a new position in POSCO in the third quarter worth approximately $49,000. Finally, Wilmington Savings Fund Society FSB grew its holdings in POSCO by 5,312.5% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 2,165 shares of the basic materials company’s stock worth $94,000 after acquiring an additional 2,125 shares in 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.