Short Interest in SunCoke Energy, Inc. (NYSE:SXC) Declines By 26.4%

SunCoke Energy, Inc. (NYSE:SXC - Get Free Report) was the target of a significant drop in short interest in March. As of March 31st, there was short interest totalling 3,070,000 shares, a drop of 26.4% from the March 15th total of 4,170,000 shares. Based on an average daily trading volume, of 967,700 shares, the days-to-cover ratio is presently 3.2 days. Currently, 3.7% of the company's stock are sold short.

SunCoke Energy Stock Performance

NYSE:SXC traded up $0.12 during trading hours on Wednesday, reaching $9.45. 852,410 shares of the stock were exchanged, compared to its average volume of 902,261. SunCoke Energy has a 52 week low of $7.47 and a 52 week high of $12.82. 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 stock has a market capitalization of $799.90 million, a P/E ratio of 8.44 and a beta of 0.90. The firm has a 50 day simple moving average of $9.11 and a 200-day simple moving average of $10.08.

SunCoke Energy (NYSE:SXC - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The energy company reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.04. SunCoke Energy had a return on equity of 14.31% and a net margin of 4.95%. As a group, sell-side analysts forecast that SunCoke Energy will post 0.71 earnings per share for the current fiscal year.

SunCoke Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 17th were paid a dividend of $0.12 per share. The ex-dividend date was Friday, February 14th. This represents a $0.48 annualized dividend and a yield of 5.08%. SunCoke Energy's dividend payout ratio (DPR) is 42.86%.

Hedge Funds Weigh In On SunCoke Energy

Large investors have recently bought and sold shares of the business. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of SunCoke Energy by 835.6% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 3,630 shares of the energy company's stock worth $38,000 after purchasing an additional 3,242 shares during the last quarter. GAMMA Investing LLC grew its position in shares of SunCoke Energy by 71.3% during the fourth quarter. GAMMA Investing LLC now owns 4,156 shares of the energy company's stock worth $44,000 after acquiring an additional 1,730 shares during the last quarter. Versant Capital Management Inc increased its holdings in shares of SunCoke Energy by 61.6% in the 1st quarter. Versant Capital Management Inc now owns 4,416 shares of the energy company's stock worth $41,000 after acquiring an additional 1,683 shares during the period. Virtus Fund Advisers LLC bought a new stake in SunCoke Energy in the 4th quarter valued at about $57,000. Finally, KBC Group NV boosted its stake in SunCoke Energy by 61.1% during the 4th quarter. KBC Group NV now owns 6,082 shares of the energy company's stock valued at $65,000 after purchasing an additional 2,307 shares during the period. Institutional investors own 90.45% of the company's stock.

SunCoke Energy Company Profile

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.