The stock of AK Steel Holding Corporation (NYSE:AKS) registered an increase of 6.17% in short interest. AKS’s total short interest was 53.16 million shares in September as published by FINRA. Its up 6.17% from 50.07M shares, reported previously. With 10.26M shares average volume, it will take short sellers 5 days to cover their AKS’s short positions. The short interest to AK Steel Holding Corporation’s float is 22.59%. About 12.01M shares traded hands or 9.28% up from the average. AK Steel Holding Corporation (NYSE:AKS) has risen 91.89% since February 8, 2016 and is uptrending. It has outperformed by 75.40% the S&P500.
AK Steel Holding Corporation is an integrated producer of flat-rolled carbon, stainless and electrical steels and tubular products through its subsidiary, AK Steel Corporation . The company has a market cap of $996.33 million. The Firm operates approximately eight steelmaking and finishing plants, over two coke plants and approximately two tube manufacturing plants across states, which include Indiana, Kentucky, Michigan, Ohio, Pennsylvania and West Virginia. It currently has negative earnings. These activities produce flat-rolled carbon, specialty stainless and electrical steels that it sells in sheet and strip form, and carbon and stainless steel that it finishes into welded steel tubing.
The institutional sentiment increased to 3.34 in Q2 2016. Its up 1.83, from 1.51 in 2016Q1. The ratio improved, as 16 funds sold all AK Steel Holding Corporation shares owned while 25 reduced positions. 45 funds bought stakes while 92 increased positions. They now own 302.64 million shares or 221.86% more from 94.03 million shares in 2016Q1.
D.C. Capital Advisors Ltd holds 2.73% of its portfolio in AK Steel Holding Corporation for 1.00 million shares. Phoenix Investment Adviser Llc owns 327,000 shares or 1.41% of their US portfolio. Moreover, Anchor Bolt Capital Lp has 0.74% invested in the company for 4.55 million shares. The New York-based Marketfield Asset Management Llc has invested 0.56% in the stock. Eam Investors Llc, a California-based fund reported 681,650 shares.
Out of 12 analysts covering AK Steel Holding Corporation (NYSE:AKS), 3 rate it a “Buy”, 3 “Sell”, while 6 “Hold”. This means 25% are positive. AK Steel Holding Corporation has been the topic of 21 analyst reports since September 16, 2015 according to StockzIntelligence Inc. Rosenblatt initiated the stock on August 22 with “Buy” rating.
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