AK Steel Holding Corporation (NYSE:AKS) Has Decline in Shorts

AK Steel Holding Corporation (NYSE:AKS) Logo

Investors sentiment increased to 1.08 in 2018 Q3. Its up 0.11, from 0.97 in 2018Q2. It increased, as 31 investors sold AK Steel Holding Corporation shares while 57 reduced holdings. 38 funds opened positions while 57 raised stakes. 203.84 million shares or 1.64% more from 200.55 million shares in 2018Q2 were reported.
Bluemountain Management Lc holds 1.52M shares. 14,064 were accumulated by Advisor Prtnrs Ltd. Tiaa Cref Inv Mgmt Limited Company holds 652,188 shares. Susquehanna International Gru Limited Liability Partnership has 0.01% invested in AK Steel Holding Corporation (NYSE:AKS). 1,549 are owned by City. Mirae Asset Invs Limited has invested 0% of its portfolio in AK Steel Holding Corporation (NYSE:AKS). Advisory Svcs stated it has 0% of its portfolio in AK Steel Holding Corporation (NYSE:AKS). Putnam Invs Ltd Liability reported 131,330 shares or 0% of all its holdings. Waratah Capital Advisors Limited invested in 0.05% or 109,752 shares. Ellington Group Limited Liability Corp owns 26,500 shares. Moreover, Ameritas Invest Prtn Incorporated has 0.01% invested in AK Steel Holding Corporation (NYSE:AKS). Fmr Ltd Liability Corporation owns 810,501 shares for 0% of their portfolio. State Of Tennessee Treasury Department reported 185,767 shares or 0% of all its holdings. Congress Asset Mngmt Ma reported 881,520 shares. Berkshire Asset Lc Pa owns 10,000 shares for 0% of their portfolio.

Since August 15, 2018, it had 2 buys, and 0 insider sales for $40,550 activity. $10,250 worth of AK Steel Holding Corporation (NYSE:AKS) was bought by Alter Joseph C on Wednesday, August 15.

The stock of AK Steel Holding Corporation (NYSE:AKS) registered a decrease of 4.06% in short interest. AKS’s total short interest was 63.96 million shares in December as published by FINRA. Its down 4.06% from 66.67M shares, reported previously. With 8.41M shares average volume, it will take short sellers 8 days to cover their AKS’s short positions. The short interest to AK Steel Holding Corporation’s float is 20.42%.

The stock decreased 0.72% or $0.02 during the last trading session, reaching $2.75. About 10.43M shares traded. AK Steel Holding Corporation (NYSE:AKS) has declined 46.53% since December 11, 2017 and is downtrending. It has underperformed by 46.53% the S&P500.

AK Steel Holding Corporation, through its subsidiary, AK Steel Corporation, produces flat-rolled carbon, stainless, and electrical steels and tubular products in the United States and internationally. The company has market cap of $867.74 million. It produces flat-rolled carbon steel products, including coated, cold-rolled, and hot-rolled carbon steel products; specialty stainless and electrical steels in sheet and strip forms; and carbon and stainless steel that is finished into welded steel tubing. It currently has negative earnings. The firm also buys and sells steel and steel products, and other materials; and produces metallurgical coal from reserves in Pennsylvania.

AK Steel Holding Corporation (NYSE:AKS) Ratings Coverage

Among 4 analysts covering AK Steel Holding (NYSE:AKS), 2 have Buy rating, 0 Sell and 2 Hold. Therefore 50% are positive. AK Steel Holding had 4 analyst reports since July 9, 2018 according to SRatingsIntel. The firm has “Buy” rating by Bank of America given on Friday, September 7. The company was downgraded on Monday, July 9 by Deutsche Bank. The company was upgraded on Monday, August 27 by Morgan Stanley.

More notable recent AK Steel Holding Corporation (NYSE:AKS) news were published by: Seekingalpha.com which released: “U.S. Steel upgraded as UBS, seeing limited downside after selloff – Seeking Alpha” on December 10, 2018, also Benzinga.com with their article: “Steel Stocks Have Wall Street’s Attention (NYSE:X)(NASDAQ:STLD)(NUE)(AKS) – Benzinga” published on November 27, 2018, Benzinga.com published: “38 Stocks Moving In Tuesday’s Mid-Day Session – Benzinga” on November 27, 2018. More interesting news about AK Steel Holding Corporation (NYSE:AKS) were released by: Fool.com and their article: “Why an 11% Drop in This Industry Metric Is Huge News for Steelmakers – The Motley Fool” published on November 16, 2018 as well as Seekingalpha.com‘s news article titled: “AK Steel: Perfect Storm Pushes Shares To New Lows – Seeking Alpha” with publication date: December 11, 2018.

AK Steel Holding Corporation (NYSE:AKS) Institutional Positions Chart

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