It Seems AK Steel Holding Corporation (NYSE:AKS) Will Go Up. Just Reported Less Shorted Shares

AK Steel Holding Corporation (NYSE:AKS) Logo

Investors sentiment increased to 1.08 in Q3 2018. 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.
Congress Asset Management Ma reported 0.06% of its portfolio in AK Steel Holding Corporation (NYSE:AKS). Royal Fincl Bank Of Canada, Ontario – Canada-based fund reported 81,939 shares. Bankshares Of New York Mellon owns 3.79 million shares. Mirae Asset Global Invs Company Ltd, a Korea-based fund reported 57,957 shares. Piedmont Inv invested in 0.01% or 72,669 shares. Fmr Limited Liability Corp holds 810,501 shares. Hanson Mcclain reported 0% of its portfolio in AK Steel Holding Corporation (NYSE:AKS). Credit Suisse Ag accumulated 381,245 shares. Metropolitan Life Insurance Ny holds 22,214 shares or 0% of its portfolio. Texas-based Next Fin Grp has invested 0.08% in AK Steel Holding Corporation (NYSE:AKS). Regal Invest Advsr Ltd Llc has 22,360 shares. Marathon Trading Investment Management Ltd Liability Company reported 0% in AK Steel Holding Corporation (NYSE:AKS). Van Eck Assocs Corp owns 304,870 shares. Lombard Odier Asset (Usa) Corporation reported 350,000 shares or 0.12% of all its holdings. Massmutual Trust Fsb Adv holds 0% or 50 shares in its portfolio.

Since August 15, 2018, it had 2 insider purchases, and 0 insider sales for $40,550 activity. Shares for $10,250 were bought by Alter Joseph C.

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 January as published by FINRA. Its down 4.06% from 66.67 million 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 increased 3.33% or $0.09 during the last trading session, reaching $2.79. About 8.02 million shares traded. AK Steel Holding Corporation (NYSE:AKS) has declined 46.53% since January 12, 2018 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 $880.36 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 3 analysts covering AK Steel Holding (NYSE:AKS), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 67% are positive. AK Steel Holding has $5.5 highest and $5 lowest target. $5.25’s average target is 88.17% above currents $2.79 stock price. AK Steel Holding had 3 analyst reports since August 27, 2018 according to SRatingsIntel. Morgan Stanley upgraded the stock to “Overweight” rating in Monday, August 27 report. On Friday, September 7 the stock rating was upgraded by Bank of America to “Buy”.

More notable recent AK Steel Holding Corporation (NYSE:AKS) news were published by: Seekingalpha.com which released: “AK Steel -14% after missing Q3 estimates – Seeking Alpha” on October 25, 2018, also Seekingalpha.com with their article: “U.S. Steel upgraded as UBS, seeing limited downside after selloff – Seeking Alpha” published on December 10, 2018, Benzinga.com published: “Steel Stocks Have Wall Street’s Attention (NYSE:X)(NASDAQ:STLD)(NUE)(AKS) – Benzinga” on November 27, 2018. More interesting news about AK Steel Holding Corporation (NYSE:AKS) were released by: Globenewswire.com and their article: “GM Recognizes AK Steel for Performance, Quality, and Innovation – GlobeNewswire” published on April 24, 2018 as well as Seekingalpha.com‘s news article titled: “AK Steel: The Trick May Work Again – Seeking Alpha” with publication date: May 01, 2018.

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

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