Short Interest in POSCO Holdings Inc. (NYSE:PKX) Decreases By 19.4%

POSCO Holdings Inc. (NYSE:PKX - Get Free Report) saw a significant decline in short interest in March. As of March 15th, there was short interest totalling 623,500 shares, a decline of 19.4% from the February 28th total of 773,400 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average daily trading volume, of 328,500 shares, the short-interest ratio is currently 1.9 days.

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On POSCO

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Parvin Asset Management LLC acquired a new stake in shares of POSCO in the fourth quarter valued at about $29,000. Bank Julius Baer & Co. Ltd Zurich purchased a new position in POSCO in the 4th quarter valued at about $41,000. R Squared Ltd acquired a new stake in POSCO in the 4th quarter worth about $46,000. Wilmington Savings Fund Society FSB increased its stake 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 worth $94,000 after buying an additional 2,125 shares in the last quarter. Finally, Avior Wealth Management LLC raised its holdings in shares of POSCO by 49.2% during the fourth quarter. Avior Wealth Management LLC now owns 2,228 shares of the basic materials company's stock valued at $97,000 after acquiring an additional 735 shares during the last quarter.

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POSCO Price Performance

PKX traded down $0.74 during trading on Friday, hitting $44.40. The company's stock had a trading volume of 622,561 shares, compared to its average volume of 231,713. 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 firm has a market capitalization of $13.48 billion, a price-to-earnings ratio of 20.37, a P/E/G ratio of 2.14 and a beta of 1.40. The business's fifty day simple moving average is $47.21 and its 200 day simple moving average is $52.27. POSCO has a twelve month low of $39.40 and a twelve month high of $75.79.

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.