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

POSCO Holdings Inc. (NYSE:PKX - Get Free Report) was the target of a large 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. Approximately 0.3% of the shares of the stock are sold short. Based on an average trading volume of 307,500 shares, the short-interest ratio is presently 3.1 days.

Institutional Trading of POSCO

Several institutional investors have recently modified their holdings of the business. Parvin Asset Management LLC bought a new position in POSCO during the 4th quarter worth $29,000. Bank Julius Baer & Co. Ltd Zurich bought a new position in shares of POSCO during the fourth quarter worth about $41,000. R Squared Ltd acquired a new position in shares of POSCO in the fourth quarter worth approximately $46,000. Allspring Global Investments Holdings LLC acquired a new position in shares of POSCO in the third quarter worth approximately $49,000. Finally, Wilmington Savings Fund Society FSB increased its position 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 valued at $94,000 after purchasing an additional 2,125 shares during the period.

POSCO Trading Up 2.9 %

NYSE:PKX traded up $1.44 during mid-day trading on Thursday, hitting $50.69. 431,763 shares of the company's stock were exchanged, compared to its average volume of 187,406. The company has a current ratio of 1.93, a quick ratio of 1.35 and a debt-to-equity ratio of 0.24. POSCO has a fifty-two week low of $39.40 and a fifty-two week high of $85.84. The company has a 50 day simple moving average of $44.43 and a 200-day simple moving average of $54.21. The firm has a market capitalization of $15.38 billion, a P/E ratio of 23.25, a PEG ratio of 2.14 and a beta of 1.39.

Analysts Set New Price Targets

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

About POSCO

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.