JFE Holdings, Inc. (OTCMKTS:JFEEF) Short Interest Up 32.3% in March

JFE Holdings, Inc. (OTCMKTS:JFEEF) saw a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 4,877,200 shares, an increase of 32.3% from the February 28th total of 3,687,200 shares. Approximately 0.8% of the company’s stock are sold short. Based on an average daily trading volume, of 200 shares, the days-to-cover ratio is presently 24,386.0 days.

JFE Stock Performance

Shares of JFEEF remained flat at $13.30 during midday trading on Tuesday. The stock has a market capitalization of $8.46 billion, a price-to-earnings ratio of 10.00 and a beta of 0.68. The business has a 50-day moving average of $11.39 and a 200-day moving average of $12.02. JFE has a 52-week low of $10.40 and a 52-week high of $13.30. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.81 and a current ratio of 1.63.

JFE (OTCMKTS:JFEEF) last announced its quarterly earnings results on Thursday, February 6th. The company reported $0.57 earnings per share for the quarter. JFE had a return on equity of 5.22% and a net margin of 2.69%.

About JFE

JFE Holdings, Inc, through its subsidiaries, engages in steel, engineering, and trading businesses in Japan and internationally. Its Steel segment produces and sells various steel products, processed steel products, and raw materials, as well as operates in the transportation, facility maintenance, and construction businesses.