After Reaching Milestone, Is AK Steel Holding Corporation (NYSE:AKS)’s Short Interest Revealing Something?

April 17, 2018 - By Dolores Ford

AK Steel Holding Corporation (NYSE:AKS) Logo

Investors sentiment increased to 1.13 in 2017 Q4. Its up 0.30, from 0.83 in 2017Q3. It improved, as 52 investors sold AK Steel Holding Corporation shares while 51 reduced holdings. 44 funds opened positions while 72 raised stakes. 208.02 million shares or 5.36% more from 197.43 million shares in 2017Q3 were reported.
Wells Fargo & Mn has 0% invested in AK Steel Holding Corporation (NYSE:AKS) for 746,432 shares. Tci Wealth Advsr Incorporated reported 268 shares. Highbridge Management invested in 0.03% or 283,647 shares. Trexquant Inv Ltd Partnership accumulated 87,310 shares. Davenport Com Ltd Limited Liability Company has invested 0% in AK Steel Holding Corporation (NYSE:AKS). Goldman Sachs Incorporated stated it has 0% of its portfolio in AK Steel Holding Corporation (NYSE:AKS). Next Finance Gru Inc holds 21,050 shares. Brave Asset Management accumulated 0.03% or 10,000 shares. Huntington Retail Bank has 0% invested in AK Steel Holding Corporation (NYSE:AKS). Swiss Bancorporation reported 530,000 shares stake. Fifth Third Commercial Bank has 30,500 shares. Balyasny Asset Mgmt Lc has invested 0.02% of its portfolio in AK Steel Holding Corporation (NYSE:AKS). Columbia Prns L L C Invest Mngmt has invested 0.02% in AK Steel Holding Corporation (NYSE:AKS). Assetmark holds 102 shares or 0% of its portfolio. Comerica Bancorp has invested 0.01% in AK Steel Holding Corporation (NYSE:AKS).

The stock of AK Steel Holding Corporation (NYSE:AKS) registered an increase of 9.96% in short interest. AKS’s total short interest was 84.83 million shares in April as published by FINRA. Its up 9.96% from 77.15M shares, reported previously. With 16.53 million shares average volume, it will take short sellers 5 days to cover their AKS’s short positions. The short interest to AK Steel Holding Corporation’s float is 27.25%.

The stock increased 4.19% or $0.19 during the last trading session, reaching $4.72. About 10.88 million shares traded. AK Steel Holding Corporation (NYSE:AKS) has declined 38.26% since April 17, 2017 and is downtrending. It has underperformed by 49.81% 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 $1.49 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 has a 236 P/E ratio. 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 13 analysts covering AK Steel Holding (NYSE:AKS), 4 have Buy rating, 1 Sell and 8 Hold. Therefore 31% are positive. AK Steel Holding had 19 analyst reports since October 19, 2017 according to SRatingsIntel. The stock of AK Steel Holding Corporation (NYSE:AKS) has “Hold” rating given on Tuesday, January 30 by Jefferies. The firm has “Underperform” rating given on Wednesday, January 31 by Bank of America. The stock of AK Steel Holding Corporation (NYSE:AKS) earned “Hold” rating by Cowen & Co on Tuesday, October 24. The stock of AK Steel Holding Corporation (NYSE:AKS) earned “Hold” rating by Cowen & Co on Monday, November 6. The stock of AK Steel Holding Corporation (NYSE:AKS) earned “Buy” rating by Longbow on Wednesday, December 20. The firm earned “Hold” rating on Thursday, January 4 by Cowen & Co. The stock of AK Steel Holding Corporation (NYSE:AKS) earned “Overweight” rating by JP Morgan on Thursday, December 7. The rating was maintained by KeyBanc Capital Markets on Thursday, October 19 with “Hold”. The stock of AK Steel Holding Corporation (NYSE:AKS) earned “Market Perform” rating by BMO Capital Markets on Wednesday, November 1. Clarksons Platou downgraded the shares of AKS in report on Wednesday, November 1 to “Neutral” rating.

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

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