United States Steel Corporation (NYSE:X) was the target of a large growth in short interest in June. As of June 30th, there was short interest totalling 32,619,217 shares, a growth of 18.6% from the June 15th total of 27,512,810 shares. Approximately 18.9% of the shares of the company are short sold. Based on an average trading volume of 18,708,793 shares, the short-interest ratio is presently 1.7 days.

In related news, Director Stephen J. Girsky acquired 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, May 16th. The shares were acquired at an average cost of $19.94 per share, with a total value of $49,850.00. Following the purchase, the director now owns 21,872 shares of the company’s stock, valued at $436,127.68. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director David Sutherland acquired 10,000 shares of the business’s stock in a transaction that occurred on Friday, May 12th. The stock was bought at an average cost of $19.96 per share, for a total transaction of $199,600.00. Following the completion of the purchase, the director now directly owns 98,919 shares in the company, valued at approximately $1,974,423.24. The disclosure for this purchase can be found here. Insiders purchased a total of 14,000 shares of company stock worth $278,415 over the last three months. 1.00% of the stock is owned by company insiders.

Large investors have recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. increased its stake in shares of United States Steel Corporation by 1,971.9% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 3,315 shares of the basic materials company’s stock worth $112,000 after buying an additional 3,155 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in shares of United States Steel Corporation during the first quarter worth about $209,000. Acrospire Investment Management LLC increased its stake in shares of United States Steel Corporation by 241.1% in the first quarter. Acrospire Investment Management LLC now owns 6,212 shares of the basic materials company’s stock worth $210,000 after buying an additional 4,391 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of United States Steel Corporation by 21.4% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,301 shares of the basic materials company’s stock worth $213,000 after buying an additional 1,112 shares in the last quarter. Finally, FNY Partners Fund LP increased its stake in shares of United States Steel Corporation by 272.2% in the first quarter. FNY Partners Fund LP now owns 6,700 shares of the basic materials company’s stock worth $226,000 after buying an additional 4,900 shares in the last quarter. 66.83% of the stock is currently owned by institutional investors and hedge funds.

A number of research analysts recently weighed in on X shares. Deutsche Bank AG raised their price objective on United States Steel Corporation from $40.00 to $45.00 and gave the company a “buy” rating in a research note on Tuesday, March 21st. Vetr downgraded United States Steel Corporation from a “strong-buy” rating to a “buy” rating and set a $38.38 price objective on the stock. in a research note on Tuesday, April 11th. Macquarie raised United States Steel Corporation from an “underperform” rating to a “neutral” rating and raised their target price for the company from $23.00 to $30.00 in a report on Monday, April 24th. Standpoint Research raised United States Steel Corporation from a “hold” rating to a “buy” rating and set a $28.00 target price on the stock in a report on Wednesday, June 7th. They noted that the move was a valuation call. Finally, Bank of America Corporation lowered United States Steel Corporation from a “buy” rating to a “neutral” rating in a report on Wednesday, April 26th. Five research analysts have rated the stock with a sell rating, ten have issued a hold rating and nine have given a buy rating to the company. United States Steel Corporation currently has an average rating of “Hold” and a consensus target price of $28.67.

Shares of United States Steel Corporation (NYSE:X) opened at 23.35 on Tuesday. The company has a 50-day moving average price of $20.78 and a 200 day moving average price of $30.22. The firm’s market cap is $4.08 billion. United States Steel Corporation has a 52 week low of $15.72 and a 52 week high of $41.83.

United States Steel Corporation (NYSE:X) last issued its quarterly earnings results on Tuesday, April 25th. The basic materials company reported ($0.83) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.35 by $1.18. The company had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.91 billion. United States Steel Corporation had a negative return on equity of 3.48% and a negative net margin of 2.63%. The company’s quarterly revenue was up 16.4% compared to the same quarter last year. During the same period in the prior year, the company earned ($2.15) EPS. Analysts expect that United States Steel Corporation will post $1.02 EPS for the current fiscal year.

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United States Steel Corporation Company Profile

United States Steel Corporation is an integrated steel producer. The Company is engaged in producing flat-rolled and tubular products with production operations in North America and Europe. The Company operates through three segments: Flat-Rolled Products (Flat-Rolled), U. S. Steel Europe (USSE) and Tubular Products (Tubular).

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