Metallus Inc. (NYSE:MTUS) Short Interest Down 15.6% in December

Metallus Inc. (NYSE:MTUS - Get Free Report) was the target of a large drop in short interest during the month of December. As of December 15th, there was short interest totalling 2,480,000 shares, a drop of 15.6% from the November 30th total of 2,940,000 shares. Based on an average trading volume of 405,500 shares, the days-to-cover ratio is presently 6.1 days. Approximately 6.8% of the company's shares are sold short.

Metallus Stock Down 1.5 %

Shares of MTUS traded down $0.22 on Friday, hitting $14.09. The company's stock had a trading volume of 326,446 shares, compared to its average volume of 319,435. The firm's fifty day moving average price is $15.32 and its 200-day moving average price is $16.96. Metallus has a fifty-two week low of $13.82 and a fifty-two week high of $24.31. The firm has a market capitalization 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

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

About Metallus

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.