Short Interest Report: What’s Ahead for Ternium SA American Depositor Shseach (NYSE:TX) After Less Shorted Shares?

November 18, 2016 - By Hazel Jackson   ·   0 Comments

Short Interest Report: What’s Ahead for Ternium SA American Depositor Shseach (NYSE:TX) After Less Shorted Shares?

The stock of Ternium SA American Depositor Shseach (NYSE:TX) registered a decrease of 23.02% in short interest. TX’s total short interest was 303,600 shares in November as published by FINRA. Its down 23.02% from 394,400 shares, reported previously. With 331,600 shares average volume, it will take short sellers 1 days to cover their TX’s short positions. The short interest to Ternium SA American Depositor Shseach’s float is 0.62%. About 30,481 shares traded hands. Ternium SA (ADR) (NYSE:TX) has risen 13.13% since April 18, 2016 and is uptrending. It has outperformed by 8.70% the S&P500.

Ternium S.A. is a producer of steel products. The company has a market cap of $4.28 billion. The Firm produces finished and semi-finished steel products and iron ore, which are sold either directly to steel manufacturers, steel processors or end users. It has a 29.04 P/E ratio. The Firm operates through two divisions: Steel and Mining.

Ternium SA (ADR) (NYSE:TX) Ratings Coverage

Out of 4 analysts covering Ternium (NYSE:TX), 2 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 50% are positive. Ternium has been the topic of 8 analyst reports since August 10, 2015 according to StockzIntelligence Inc. The stock has “Hold” rating given by HSBC on Wednesday, November 9. The stock of Ternium SA (ADR) (NYSE:TX) earned “Equal-Weight” rating by Morgan Stanley on Monday, May 9. The stock has “Buy” rating given by Citigroup on Wednesday, February 24. The company was initiated on Monday, August 10 by Goldman Sachs. Morgan Stanley upgraded the stock to “Overweight” rating in Monday, December 7 report. HSBC initiated Ternium SA (ADR) (NYSE:TX) on Friday, May 13 with “Buy” rating.

TX Company Profile

Ternium S.A. (Ternium), incorporated on February 3, 2004, is a producer of steel products. The Firm produces finished and semi-finished steel products and iron ore, which are sold either directly to steel manufacturers, steel processors or end users. The Firm operates through two divisions: Steel and Mining. The Steel segment includes the sales of steel products and the Mining segment includes the sales of iron ore products, which are primarily inter-company. The Steel segment comprises three operating divisions: Mexico, the Southern Region and Other Markets. In the steel segment, steel products include slabs, billets and round bars (steel in its basic, semi-finished state), hot-rolled coils and sheets, bars and stirrups, wire rods, cold-rolled coils and sheets, tin plate, hot dipped galvanized and electrogalvanized sheets and pre-painted sheets, steel pipes and tubular products, beams, roll-formed products, and other products. Galvanized and pre-painted sheets can be further processed into a range of corrugated sheets, trapezoidal sheets and other products to serve its customer requirements. In the mining segment, iron ore is sold as concentrates (fines) and pellets.

More recent Ternium SA (ADR) (NYSE:TX) news were published by: Benzinga.com which released: “Mid-Afternoon Market Update: Crude Oil Down 2%; Metaldyne Performance Group …” on November 03, 2016. Also Benzinga.com published the news titled: “Mid-Day Market Update: Inteliquent Jumps On Acquisition News; Fitbit Shares Slide” on November 03, 2016. Benzinga.com‘s news article titled: “Mid-Morning Market Update: Markets Mostly Flat; Facebook Profit Beats Estimates” with publication date: November 03, 2016 was also an interesting one.

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By Hazel Jackson


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