Important Short Interest Filing: Does Suncoke Energy Incorporated (NYSE:SXC) Have Gas After Even More Sellers Involved?

November 17, 2016 - By Clifton Ray   ·   0 Comments

Important Short Interest Filing: Does Suncoke Energy Incorporated (NYSE:SXC) Have Gas After Even More Sellers Involved?

The stock of Suncoke Energy Incorporated (NYSE:SXC) registered an increase of 4.18% in short interest. SXC’s total short interest was 841,900 shares in November as published by FINRA. Its up 4.18% from 808,100 shares, reported previously. With 549,600 shares average volume, it will take short sellers 2 days to cover their SXC’s short positions. The short interest to Suncoke Energy Incorporated’s float is 1.62%. The stock decreased 5.30% or $0.66 during the last trading session, hitting $11.8. SunCoke Energy Inc (NYSE:SXC) has risen 65.73% since April 15, 2016 and is uptrending. It has outperformed by 61.11% the S&P500.

SunCoke Energy, Inc. is an independent producer of coke in the Americas. The company has a market cap of $763.86 million. The Firm also provides coal handling and/or mixing services at its Coal Logistics terminals. It has a 46.21 P/E ratio. The Company’s divisions include Domestic Coke, Brazil Coke, India Coke, Coal Logistics, and Corporate and Other.

Insitutional Activity: The institutional sentiment increased to 1.64 in 2016 Q2. Its up 0.50, from 1.14 in 2016Q1. The ratio increased, as 15 funds sold all SunCoke Energy Inc shares owned while 35 reduced positions. 31 funds bought stakes while 51 increased positions. They now own 53.43 million shares or 0.74% more from 53.04 million shares in 2016Q1.
Tci Wealth Inc has invested 0% of its portfolio in SunCoke Energy Inc (NYSE:SXC). Moreover, Morgan Stanley has 0% invested in SunCoke Energy Inc (NYSE:SXC) for 1.64M shares. Alliancebernstein L P, a New York-based fund reported 47,573 shares. Millennium Mngmt Ltd Liability Corporation accumulated 0% or 255,210 shares. Whittier Company Of Nevada Inc has 0% invested in the company for 53 shares. The Montana-based Da Davidson And has invested 0% in SunCoke Energy Inc (NYSE:SXC). Martingale Asset Limited Partnership holds 0% or 19,512 shares in its portfolio. The New York-based Goldman Sachs has invested 0% in SunCoke Energy Inc (NYSE:SXC). Wfg Advsrs L P accumulated 0% or 703 shares. Moreover, Rhumbline Advisers has 0% invested in SunCoke Energy Inc (NYSE:SXC) for 109,632 shares. Bancshares Of Mellon Corp reported 706,938 shares or 0% of all its holdings. Moreover, Jpmorgan Chase And has 0% invested in SunCoke Energy Inc (NYSE:SXC) for 457,239 shares. Sei Investments Co has invested 0% of its portfolio in SunCoke Energy Inc (NYSE:SXC). Gradient Investments Limited Liability accumulated 424 shares or 0% of the stock. Citigroup Inc last reported 35,222 shares in the company.

Insider Transactions: Since July 28, 2016, the stock had 2 insider purchases, and 0 sales for $3.58 million net activity. On Thursday, July 28 Mangrove Partners Master Fund – Ltd. bought $2.03 million worth of the stock or 291,478 shares.

SunCoke Energy Inc (NYSE:SXC) Ratings Coverage

Out of 4 analysts covering SunCoke Energy (NYSE:SXC), 2 rate it a “Buy”, 2 “Sell”, while 0 “Hold”. This means 50% are positive. SunCoke Energy has been the topic of 6 analyst reports since July 22, 2015 according to StockzIntelligence Inc. TheStreet downgraded SunCoke Energy Inc (NYSE:SXC) on Friday, October 16 to “Sell” rating. As per Friday, September 18, the company rating was initiated by FBR Capital. The firm has “Underperform” rating given on Wednesday, December 9 by Bank of America. The stock of SunCoke Energy Inc (NYSE:SXC) earned “Outperform” rating by FBR Capital on Friday, October 21.

SXC Company Profile

SunCoke Energy, Inc., incorporated on December 8, 2010, is an independent producer of coke in the Americas, which is a principal raw material in the blast furnace steelmaking process. The Firm also provides coal handling and/or mixing services at its Coal Logistics terminals. The Company’s divisions include Domestic Coke, Brazil Coke, India Coke, Coal Logistics, and Corporate and Other. The Firm owns and operates over five cokemaking facilities in the eastern and midwestern regions of the United States. The Firm controls approximately 110 million tons of coal mining reserves in Virginia and West Virginia.

Another recent and important SunCoke Energy Inc (NYSE:SXC) news was published by Moodys.com which published an article titled: “Moody’s changes SunCoke Energy’s outlook to positive” on November 02, 2016.

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By Clifton Ray


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