Short Interest in Metallus Inc. (NYSE:MTUS) Decreases By 15.6%

Metallus Inc. (NYSE:MTUS) was the target of a large decline in short interest in December. As of December 15th, there was short interest totalling 2,480,000 shares, a decline of 15.6% from the November 30th total of 2,940,000 shares. Approximately 6.8% of the company’s stock are sold short. Based on an average trading volume of 405,500 shares, the short-interest ratio is currently 6.1 days.

Metallus Stock Down 1.5 %

Shares of MTUS traded down $0.22 during mid-day trading on Friday, hitting $14.09. 326,446 shares of the company’s stock were exchanged, compared to its average volume of 319,435. Metallus has a twelve month low of $13.82 and a twelve month high of $24.31. The firm has a fifty day moving average of $15.32 and a two-hundred day moving average of $16.96. The stock has a market cap of $598.74 million, a price-to-earnings ratio of 27.10, a P/E/G ratio of 1.66 and a beta of 1.39.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of MTUS. FMR LLC bought a new position in shares of Metallus during the 3rd quarter worth about $29,000. Mark Sheptoff Financial Planning LLC bought a new position in Metallus during the third quarter valued at about $41,000. Huntington National Bank bought a new stake in shares of Metallus in the 3rd quarter worth approximately $49,000. Y Intercept Hong Kong Ltd acquired a new stake in shares of Metallus during the 3rd quarter worth approximately $156,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of Metallus during the third quarter valued at approximately $159,000. 77.58% of the stock is currently owned by institutional investors and hedge funds.

Metallus Company Profile

Metallus Inc manufactures and sells alloy steel, and carbon and micro-alloy steel products in the United States and internationally. The company offers special bar quality (SBQ) bars, seamless mechanical tubes, precision steel components, and billets that are used in gears, hubs, axles, crankshafts and motor shafts, oil country drill pipes, bits and collars, bearing races and rolling elements, bushings, fuel injectors, wind energy shafts, anti-friction bearings, artillery and mortar bodies, and other applications.