November 17, 2016 - By Clifton Ray · 0 Comments
The stock of Timkensteel Corporation (NYSE:TMST) registered an increase of 0.65% in short interest. TMST’s total short interest was 5.35 million shares in November as published by FINRA. Its up 0.65% from 5.32 million shares, reported previously. With 518,400 shares average volume, it will take short sellers 10 days to cover their TMST’s short positions. The short interest to Timkensteel Corporation’s float is 14.46%. About 336,462 shares traded hands. Timkensteel Corp (NYSE:TMST) has risen 24.86% since April 15, 2016 and is uptrending. It has outperformed by 20.24% the S&P500.
TimkenSteel Corporation manufactures alloy steel, as well as carbon and micro-alloy steel, with an annual melt capacity of approximately two million tons. The company has a market cap of $609.80 million. The Company’s portfolio includes special bar quality bars, seamless mechanical tubing and precision steel components. It currently has negative earnings. It operates in two divisions: Industrial & Mobile and Energy & Distribution.
Out of 3 analysts covering TimkenSteel (NYSE:TMST), 1 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 33% are positive. TimkenSteel has been the topic of 7 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The rating was maintained by Jefferies on Wednesday, September 16 with “Buy”. The stock has “Outperform” rating given by Cowen & Co on Thursday, August 6. On Monday, September 14 the stock rating was downgraded by Cowen & Co to “Market Perform”. The firm earned “Sector Weight” rating on Monday, August 31 by KeyBanc Capital Markets. The stock has “Outperform” rating given by Cowen & Co on Thursday, August 11. The firm has “Hold” rating given on Wednesday, January 13 by Jefferies. The firm earned “Market Perform” rating on Wednesday, February 3 by Cowen & Co.
TimkenSteel Corporation, incorporated on October 24, 2013, makes alloy steel, as well as carbon and micro-alloy steel, with an annual melt capacity of approximately two million tons. The Company’s portfolio includes special bar quality (SBQ) bars, seamless mechanical tubing and precision steel components. The Firm operates in two divisions: Industrial & Mobile and Energy & Distribution. In addition, it supplies machining and thermal treatment services and manages raw material recycling programs, which are used as a feeder system for the Company’s operations.
More notable recent Timkensteel Corp (NYSE:TMST) news were published by: Marketwatch.com which released: “TimkenSteel upgraded to outperform from market perform at Cowen & Co.” on July 07, 2014, also Fool.com with their article: “Why TimkenSteel Corporation Stock Fell By 33% in May” published on June 08, 2016, Fool.com published: “Why Shares of TimkenSteel Corp. Plunged 17% Today” on May 25, 2016. More interesting news about Timkensteel Corp (NYSE:TMST) were released by: Fool.com and their article: “TimkenSteel Corp. Surges on Earnings” published on January 29, 2016 as well as Fool.com‘s news article titled: “Why TimkenSteel Corp.’s Shares Plunged Today” with publication date: February 01, 2016.
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By Clifton Ray