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

POSCO Holdings Inc. (NYSE:PKX - Get Free Report) saw a significant growth in short interest during the month of December. As of December 15th, there was short interest totalling 1,060,000 shares, a growth of 28.9% from the November 30th total of 822,300 shares. Based on an average trading volume of 347,900 shares, the short-interest ratio is presently 3.0 days. Approximately 0.4% of the shares of the stock are short sold.

POSCO Price Performance

NYSE PKX traded down $0.33 on Friday, hitting $43.37. 244,610 shares of the company were exchanged, compared to its average volume of 170,167. POSCO has a 1-year low of $42.74 and a 1-year high of $96.98. The firm has a 50 day moving average of $52.58 and a two-hundred day moving average of $61.17. The company has a current ratio of 2.03, a quick ratio of 1.45 and a debt-to-equity ratio of 0.27. The company has a market cap of $13.16 billion, a P/E ratio of 15.22, a P/E/G ratio of 0.58 and a beta of 1.38.

Analyst Ratings Changes

Separately, StockNews.com raised POSCO from a "hold" rating to a "buy" rating in a report on Wednesday.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of PKX. Allspring Global Investments Holdings LLC bought a new position in POSCO in the third quarter valued at about $49,000. GAMMA Investing LLC grew its position in shares of POSCO by 138.0% during the 3rd quarter. GAMMA Investing LLC now owns 871 shares of the basic materials company's stock worth $61,000 after buying an additional 505 shares during the period. CWM LLC raised its stake in shares of POSCO by 16.3% during the third quarter. CWM LLC now owns 2,331 shares of the basic materials company's stock worth $163,000 after buying an additional 327 shares during the last quarter. Choreo LLC acquired a new position in POSCO in the second quarter valued at approximately $221,000. Finally, Ameritas Advisory Services LLC boosted its stake in POSCO by 7.9% in the second quarter. Ameritas Advisory Services LLC now owns 4,084 shares of the basic materials company's stock valued at $268,000 after acquiring an additional 298 shares during the last quarter.

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.