Short Interest in Metallus Inc. (NYSE:MTUS) Drops By 15.6%

Metallus Inc. (NYSE:MTUS) was the target of a large decline in short interest in December. As of December 15th, there was short interest totalling 2,480,000 shares, a decline of 15.6% from the November 30th total of 2,940,000 shares. Approximately 6.8% of the shares of the stock are short sold. Based on an average trading volume of 405,500 shares, the days-to-cover ratio is presently 6.1 days.

Metallus Stock Performance

Metallus stock traded down $0.22 on Friday, reaching $14.09. The company’s stock had a trading volume of 326,446 shares, compared to its average volume of 319,435. The business’s fifty day moving average price is $15.32 and its 200 day moving average price is $16.96. The company has a market cap of $598.74 million, a price-to-earnings ratio of 27.10, a PEG ratio of 1.66 and a beta of 1.39. Metallus has a twelve month low of $13.82 and a twelve month high of $24.31.

Institutional Investors Weigh In On Metallus

Hedge funds have recently added to or reduced their stakes in the stock. FMR LLC bought a new position in Metallus in the 3rd quarter valued at $29,000. Mark Sheptoff Financial Planning LLC acquired a new position in shares of Metallus during the third quarter valued at $41,000. Huntington National Bank bought a new position in Metallus in the third quarter valued at about $49,000. Y Intercept Hong Kong Ltd acquired a new stake in Metallus in the third quarter worth about $156,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in Metallus in the third quarter worth about $159,000. Institutional investors own 77.58% of the company’s stock.

Metallus Company Profile

Metallus Inc manufactures and sells alloy steel, and carbon and micro-alloy steel products in the United States and internationally. The company offers special bar quality (SBQ) bars, seamless mechanical tubes, precision steel components, and billets that are used in gears, hubs, axles, crankshafts and motor shafts, oil country drill pipes, bits and collars, bearing races and rolling elements, bushings, fuel injectors, wind energy shafts, anti-friction bearings, artillery and mortar bodies, and other applications.