SunCoke Energy, Inc. (NYSE:SXC) Sees Significant Increase in Short Interest

SunCoke Energy, Inc. (NYSE:SXC - Get Free Report) was the target of a significant growth in short interest during the month of February. As of February 28th, there was short interest totalling 3,950,000 shares, a growth of 19.0% from the February 13th total of 3,320,000 shares. Currently, 4.8% of the company's stock are sold short. Based on an average trading volume of 1,010,000 shares, the short-interest ratio is currently 3.9 days.

SunCoke Energy Stock Down 2.6 %

Shares of SXC traded down $0.25 during mid-day trading on Friday, hitting $9.12. 3,254,419 shares of the company traded hands, compared to its average volume of 807,577. The company has a market capitalization of $768.87 million, a PE ratio of 8.14 and a beta of 0.98. The company has a quick ratio of 1.27, a current ratio of 2.22 and a debt-to-equity ratio of 0.71. The business has a 50 day moving average of $9.57 and a 200 day moving average of $9.97. SunCoke Energy has a 1-year low of $7.47 and a 1-year high of $12.82.

SunCoke Energy (NYSE:SXC - Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The energy company reported $0.28 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.24 by $0.04. SunCoke Energy had a net margin of 4.95% and a return on equity of 14.31%. Equities research analysts anticipate that SunCoke Energy will post 0.71 EPS for the current year.

Remove Ads

SunCoke Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 17th were given a dividend of $0.12 per share. The ex-dividend date was Friday, February 14th. This represents a $0.48 dividend on an annualized basis and a yield of 5.27%. SunCoke Energy's dividend payout ratio is currently 42.86%.

Institutional Trading of SunCoke Energy

Several large investors have recently added to or reduced their stakes in the company. Entropy Technologies LP purchased a new stake in SunCoke Energy in the third quarter valued at approximately $178,000. Victory Capital Management Inc. lifted its stake in SunCoke Energy by 1.9% during the 3rd quarter. Victory Capital Management Inc. now owns 109,468 shares of the energy company's stock valued at $950,000 after acquiring an additional 2,054 shares during the period. Empowered Funds LLC boosted its holdings in shares of SunCoke Energy by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 462,035 shares of the energy company's stock valued at $4,010,000 after acquiring an additional 23,450 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of SunCoke Energy by 13.6% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 312,955 shares of the energy company's stock worth $2,716,000 after acquiring an additional 37,378 shares during the period. Finally, Intech Investment Management LLC increased its stake in shares of SunCoke Energy by 116.0% in the third quarter. Intech Investment Management LLC now owns 42,606 shares of the energy company's stock worth $370,000 after acquiring an additional 22,881 shares during the period. Hedge funds and other institutional investors own 90.45% of the company's stock.

About SunCoke Energy

SunCoke Energy, Inc operates as an independent producer of coke in the Americas and Brazil. The company operates through three segments: Domestic Coke, Brazil Coke, and Logistics. It offers metallurgical and thermal coal. The company also provides handling and/or mixing services to steel, coke, electric utility, coal producing, and other manufacturing based customers.