What’s Next for AK Steel Holding Corporation (NYSE:AKS) After Having Less Shares Shorted?

October 2, 2018 - By Ellis Scott

AK Steel Holding Corporation (NYSE:AKS) Logo

Investors sentiment decreased to 0.97 in 2018 Q2. Its down 0.31, from 1.28 in 2018Q1. It dropped, as 39 investors sold AK Steel Holding Corporation shares while 55 reduced holdings. 26 funds opened positions while 65 raised stakes. 200.55 million shares or 2.03% more from 196.55 million shares in 2018Q1 were reported.
124,702 are owned by Voya Investment Mgmt Ltd Liability Corp. Reilly Fin Advsrs Ltd Co reported 2,000 shares stake. Goldman Sachs Grp Inc has 0% invested in AK Steel Holding Corporation (NYSE:AKS). 131,286 were accumulated by Lpl Financial Ltd Llc. Globeflex Capital L P invested 0.05% in AK Steel Holding Corporation (NYSE:AKS). The Iowa-based Cambridge Advsrs has invested 0% in AK Steel Holding Corporation (NYSE:AKS). Michigan-based Ww Asset Mgmt has invested 0% in AK Steel Holding Corporation (NYSE:AKS). Dimensional Fund Lp reported 7.36M shares stake. Clinton Inc holds 0% or 32,215 shares. Susquehanna Int Grp Inc Limited Liability Partnership, a Pennsylvania-based fund reported 2.75 million shares. 20,784 are owned by First Allied Advisory Ser. Morgan Stanley accumulated 2.21 million shares. Ubs Asset Management Americas holds 0% of its portfolio in AK Steel Holding Corporation (NYSE:AKS) for 265,548 shares. Stifel owns 45,403 shares for 0% of their portfolio. Menta Capital Limited Com owns 52,546 shares.

Since May 8, 2018, it had 1 buy, and 2 selling transactions for $91,238 activity. GERBER WILLIAM K sold $55,776 worth of stock or 12,000 shares. 10,270 shares valued at $45,712 were sold by THOMSON JAMES A on Tuesday, May 8.

The stock of AK Steel Holding Corporation (NYSE:AKS) registered a decrease of 0.09% in short interest. AKS’s total short interest was 81.16M shares in October as published by FINRA. Its down 0.09% from 81.24 million shares, reported previously. With 9.24 million shares average volume, it will take short sellers 9 days to cover their AKS’s short positions. The short interest to AK Steel Holding Corporation’s float is 25.91%.

The stock increased 0.61% or $0.03 during the last trading session, reaching $4.93. About 17.19M shares traded or 42.24% up from the average. AK Steel Holding Corporation (NYSE:AKS) has declined 23.78% since October 2, 2017 and is downtrending. It has underperformed by 39.40% 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 $1.56 billion. 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 8 analysts covering AK Steel Holding (NYSE:AKS), 3 have Buy rating, 2 Sell and 3 Hold. Therefore 38% are positive. AK Steel Holding had 11 analyst reports since April 17, 2018 according to SRatingsIntel. The company was upgraded on Friday, September 7 by Bank of America. Goldman Sachs downgraded AK Steel Holding Corporation (NYSE:AKS) on Tuesday, May 29 to “Sell” rating. On Tuesday, May 1 the stock rating was maintained by Bank of America with “Underperform”. The stock of AK Steel Holding Corporation (NYSE:AKS) has “Overweight” rating given on Monday, August 27 by Morgan Stanley. The firm has “Equal-Weight” rating given on Tuesday, April 17 by Morgan Stanley. As per Monday, July 9, the company rating was downgraded by Deutsche Bank. The firm has “Outperform” rating by Credit Suisse given on Tuesday, May 1. The rating was maintained by Cowen & Co with “Hold” on Tuesday, April 17. Cowen & Co maintained it with “Hold” rating and $4.5000 target in Tuesday, May 1 report. As per Tuesday, May 1, the company rating was maintained by BMO Capital Markets.

More news for AK Steel Holding Corporation (NYSE:AKS) were recently published by: Investorplace.com, which released: “17 Small-Cap Stocks That Could Double” on October 01, 2018. Globenewswire.com‘s article titled: “AK Steel Announces Third Quarter 2018 Financial Release Date” and published on September 17, 2018 is yet another important article.

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

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