Newest Short Interest Filing: Does AK Steel Holding Corporation (NYSE:AKS) Have Gas After Even Less Sellers Involved?

November 23, 2016 - By Marguerite Chambers   ·   0 Comments

Newest Short Interest Filing: Does AK Steel Holding Corporation (NYSE:AKS) Have Gas After Even Less Sellers Involved?

The stock of AK Steel Holding Corporation (NYSE:AKS) registered a decrease of 7.93% in short interest. AKS’s total short interest was 63.22 million shares in November as published by FINRA. Its down 7.93% from 68.66M shares, reported previously. With 25.50M shares average volume, it will take short sellers 3 days to cover their AKS’s short positions. The short interest to AK Steel Holding Corporation’s float is 26.88%. About 24.20 million shares traded hands. AK Steel Holding Corporation (NYSE:AKS) has risen 80.32% since April 21, 2016 and is uptrending. It has outperformed by 75.00% the S&P500.

AK Steel Holding Corporation is an integrated producer of flat-rolled carbon, stainless and electrical steels and tubular products through its subsidiary, AK Steel Corporation . The company has a market cap of $3.18 billion. The Firm operates approximately eight steelmaking and finishing plants, over two coke plants and approximately two tube manufacturing plants across states, which include Indiana, Kentucky, Michigan, Ohio, Pennsylvania and West Virginia. It currently has negative earnings. These activities produce flat-rolled carbon, specialty stainless and electrical steels that it sells in sheet and strip form, and carbon and stainless steel that it finishes into welded steel tubing.

Insitutional Activity: The institutional sentiment decreased to 1.18 in Q2 2016. Its down 2.16, from 3.34 in 2016Q1. The ratio is negative, as 16 funds sold all AK Steel Holding Corporation shares owned while 25 reduced positions. 45 funds bought stakes while 92 increased positions. They now own 302.64 million shares or 221.86% more from 94.03 million shares in 2016Q1.
Lucus Advsr Lc last reported 77,743 shares in the company. Nomura Holding Inc accumulated 0% or 19,010 shares. The Texas-based Dimensional Fund Advsr Lp has invested 0.01% in AK Steel Holding Corporation (NYSE:AKS). Secor Capital Advisors Limited Partnership holds 139,509 shares or 0.08% of its portfolio. Moreover, Menta Capital Ltd has 0.14% invested in AK Steel Holding Corporation (NYSE:AKS) for 220,275 shares. State Board Of Administration Of Florida Retirement System holds 0% of its portfolio in AK Steel Holding Corporation (NYSE:AKS) for 114,952 shares. Morgan Stanley reported 5.19M shares or 0.01% of all its holdings. Moreover, Great West Life Assurance Com Can has 0% invested in AK Steel Holding Corporation (NYSE:AKS) for 12,077 shares. Shelton Cap Management, a California-based fund reported 14,920 shares. Focused Wealth Management reported 48,034 shares or 0.1% of all its holdings. Mckinley Cap Ltd Liability Delaware owns 498,817 shares or 0.11% of their US portfolio. State Street owns 10.54M shares or 0.01% of their US portfolio. Raymond James Finance Advsr Inc accumulated 10,450 shares or 0% of the stock. D E Shaw And has invested 0.02% of its portfolio in AK Steel Holding Corporation (NYSE:AKS). Architects holds 0% or 400 shares in its portfolio.

Insider Transactions: Since July 28, 2016, the stock had 0 insider buys, and 1 sale for $180,900 net activity. WRIGHT VICENTE sold $180,900 worth of AK Steel Holding Corporation (NYSE:AKS) on Thursday, July 28.

AK Steel Holding Corporation (NYSE:AKS) Ratings Coverage

Out of 15 analysts covering AK Steel Holding Corporation (NYSE:AKS), 7 rate it a “Buy”, 1 “Sell”, while 7 “Hold”. This means 47% are positive. AK Steel Holding Corporation has been the topic of 35 analyst reports since July 29, 2015 according to StockzIntelligence Inc. Barclays Capital maintained AK Steel Holding Corporation (NYSE:AKS) rating on Monday, October 5. Barclays Capital has “” rating and $3 price target. The stock of AK Steel Holding Corporation (NYSE:AKS) earned “Buy” rating by Deutsche Bank on Thursday, August 13. The firm has “Neutral” rating by Nomura given on Wednesday, March 9. The stock has “Overweight” rating given by Morgan Stanley on Monday, November 14. Barclays Capital maintained AK Steel Holding Corporation (NYSE:AKS) rating on Tuesday, January 12. Barclays Capital has “Equal-Weight” rating and $2 price target. The firm earned “Outperform” rating on Wednesday, July 29 by Macquarie Research. The rating was maintained by Credit Suisse on Wednesday, March 23 with “Underperform”. As per Wednesday, April 27, the company rating was maintained by Macquarie Research. On Wednesday, September 16 the stock rating was maintained by Jefferies with “Hold”. The rating was maintained by Jefferies with “Hold” on Wednesday, July 27.

AKS Company Profile

AK Steel Holding Corporation, incorporated on December 20, 1993, is an integrated producer of flat-rolled carbon, stainless and electrical steels and tubular products through its subsidiary, AK Steel Corporation (AK Steel). The Firm operates approximately eight steelmaking and finishing plants, over two coke plants and approximately two tube manufacturing plants across states, which include Indiana, Kentucky, Michigan, Ohio, Pennsylvania and West Virginia. These activities produce flat-rolled carbon, specialty stainless and electrical steels that it sells in sheet and strip form, and carbon and stainless steel that it finishes into welded steel tubing. The Firm also produces metallurgical coal through its subsidiary, AK Coal Resources, Inc. (AK Coal). In addition, the Company operates trading companies in Mexico and Europe that buy and sell steel and steel products and other materials.

Another recent and important AK Steel Holding Corporation (NYSE:AKS) news was published by Investorplace.com which published an article titled: “Fight Deflation With United States Steel Corporation (X), AK Steel Holding …” on November 14, 2016.

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By Marguerite Chambers


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