Short Interest in United States Steel Expands By 16.1% (X)
United States Steel (NYSE:X) was the target of a large increase in short interest in May. As of May 15th, there was short interest totalling 37,441,153 shares, an increase of 16.1% from the April 30th total of 32,245,130 shares, AR Network reports. Based on an average trading volume of 4,767,900 shares, the short-interest ratio is currently 7.9 days. Approximately 26.1% of the company’s stock are sold short.
X has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of United States Steel in a research note on Monday, May 26th. They now have a $25.00 price target on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of United States Steel in a research note on Thursday, May 1st. They now have a $24.00 price target on the stock. Finally, analysts at Nomura reiterated a “buy” rating on shares of United States Steel in a research note on Thursday, May 1st. They now have a $32.00 price target on the stock. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $28.31.
United States Steel (NYSE:X) opened at 24.09 on Monday. United States Steel has a one year low of $16.12 and a one year high of $31.15. The stock’s 50-day moving average is $25.12 and its 200-day moving average is $26.33. The company’s market cap is $3.486 billion.
United States Steel (NYSE:X) last released its earnings data on Tuesday, April 29th. The company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by $0.05. The company had revenue of $4.45 billion for the quarter, compared to the consensus estimate of $4.51 billion. During the same quarter in the previous year, the company posted ($0.35) earnings per share. The company’s revenue for the quarter was down 3.2% on a year-over-year basis. On average, analysts predict that United States Steel will post $0.96 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, June 10th. Investors of record on Wednesday, May 14th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.83%. The ex-dividend date is Monday, May 12th.
United States Steel Corporation (NYSE:X) is an integrated steel producer of flat-rolled and tubular products with production ope.
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