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

POSCO Holdings Inc. (NYSE:PKX - Get Free Report) was the target of a significant decrease in short interest during the month of February. As of February 28th, there was short interest totalling 773,400 shares, a decrease of 18.8% from the February 13th total of 952,900 shares. Currently, 0.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 317,900 shares, the short-interest ratio is presently 2.4 days.

Hedge Funds Weigh In On POSCO

A number of institutional investors have recently bought and sold shares of PKX. Victory Capital Management Inc. raised its stake in POSCO by 40.6% during the third quarter. Victory Capital Management Inc. now owns 19,863 shares of the basic materials company's stock worth $1,390,000 after purchasing an additional 5,731 shares during the period. Natixis Advisors LLC raised its stake in shares of POSCO by 17.1% in the 3rd quarter. Natixis Advisors LLC now owns 26,599 shares of the basic materials company's stock valued at $1,862,000 after acquiring an additional 3,884 shares during the period. West Family Investments Inc. purchased a new stake in shares of POSCO in the 3rd quarter valued at approximately $335,000. Cerity Partners LLC raised its stake in shares of POSCO by 16.0% in the 3rd quarter. Cerity Partners LLC now owns 15,459 shares of the basic materials company's stock valued at $1,082,000 after acquiring an additional 2,138 shares during the period. Finally, FMR LLC raised its stake in shares of POSCO by 53.4% in the 3rd quarter. FMR LLC now owns 18,285 shares of the basic materials company's stock valued at $1,280,000 after acquiring an additional 6,368 shares during the period.

Analysts Set New Price Targets

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

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POSCO Trading Down 6.2 %

PKX stock traded down $3.41 during trading on Friday, reaching $51.91. 1,531,235 shares of the stock were exchanged, compared to its average volume of 204,853. The company has a current ratio of 1.93, a quick ratio of 1.35 and a debt-to-equity ratio of 0.24. The business has a 50 day moving average price of $46.51 and a 200-day moving average price of $53.38. POSCO has a 1 year low of $39.40 and a 1 year high of $81.17. The firm has a market capitalization of $15.75 billion, a price-to-earnings ratio of 23.81, a P/E/G ratio of 2.14 and a beta of 1.40.

POSCO Company Profile

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.