A Reversal for AK Steel Holding Corporation (NYSE:AKS) Is Near. The Stock Has Decrease in Shorts

February 21, 2018 - By Darrin Black

 A Reversal for AK Steel Holding Corporation (NYSE:AKS) Is Near. The Stock Has Decrease in Shorts

Investors sentiment decreased to 0.83 in 2017 Q3. Its down 0.49, from 1.32 in 2017Q2. It worsened, as 40 investors sold AK Steel Holding Corporation shares while 80 reduced holdings. 39 funds opened positions while 61 raised stakes. 197.43 million shares or 12.04% less from 224.47 million shares in 2017Q2 were reported.
Carlson Capital Lp accumulated 0.02% or 215,000 shares. Systematic Mgmt Limited Partnership has 0.02% invested in AK Steel Holding Corporation (NYSE:AKS) for 192,087 shares. Fifth Third Bancorp owns 28,500 shares. Meeder Asset has invested 0% in AK Steel Holding Corporation (NYSE:AKS). State Board Of Administration Of Florida Retirement Sys has invested 0% of its portfolio in AK Steel Holding Corporation (NYSE:AKS). James Invest Research, a Ohio-based fund reported 515,791 shares. Global X Mngmt Co Ltd invested in 12,469 shares or 0% of the stock. Principal Fincl Group Inc holds 2.42 million shares or 0.01% of its portfolio. The Massachusetts-based Boston Prtn has invested 0% in AK Steel Holding Corporation (NYSE:AKS). Schwab Charles Inv Mngmt reported 1.84M shares or 0.01% of all its holdings. Globeflex Capital Lp owns 73,534 shares. Morgan Stanley has invested 0.01% of its portfolio in AK Steel Holding Corporation (NYSE:AKS). Private Advisor Grp Inc Ltd Limited Liability Company holds 0% of its portfolio in AK Steel Holding Corporation (NYSE:AKS) for 14,269 shares. Rhumbline Advisers stated it has 0.01% in AK Steel Holding Corporation (NYSE:AKS). The Ontario – Canada-based Canada Pension Plan Board has invested 0% in AK Steel Holding Corporation (NYSE:AKS).

The stock of AK Steel Holding Corporation (NYSE:AKS) registered a decrease of 12.36% in short interest. AKS’s total short interest was 52.15M shares in February as published by FINRA. Its down 12.36% from 59.51M shares, reported previously. With 23.84M shares average volume, it will take short sellers 2 days to cover their AKS’s short positions. The short interest to AK Steel Holding Corporation’s float is 16.75%.

The stock increased 0.52% or $0.03 during the last trading session, reaching $5.84. About 9.96 million shares traded. AK Steel Holding Corporation (NYSE:AKS) has risen 58.12% since February 21, 2017 and is uptrending. It has outperformed by 41.42% 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 $1.84 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 292 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 20 analysts covering AK Steel Holding Corporation (NYSE:AKS), 8 have Buy rating, 2 Sell and 10 Hold. Therefore 40% are positive. AK Steel Holding Corporation had 82 analyst reports since July 29, 2015 according to SRatingsIntel. UBS downgraded AK Steel Holding Corporation (NYSE:AKS) on Friday, April 8 to “Sell” rating. The firm earned “Neutral” rating on Wednesday, April 19 by Citigroup. The rating was maintained by BMO Capital Markets on Friday, July 28 with “Hold”. The stock of AK Steel Holding Corporation (NYSE:AKS) has “Hold” rating given on Monday, November 20 by KeyBanc Capital Markets. The stock has “Buy” rating by J.P. Morgan on Thursday, December 7. The firm has “Buy” rating given on Monday, June 19 by Longbow. Deutsche Bank maintained AK Steel Holding Corporation (NYSE:AKS) rating on Monday, December 5. Deutsche Bank has “Hold” rating and $1 target. Cowen & Co maintained the shares of AKS in report on Wednesday, January 31 with “Hold” rating. The stock of AK Steel Holding Corporation (NYSE:AKS) earned “Underperform” rating by Bank of America on Wednesday, January 31. The firm has “Neutral” rating by JP Morgan given on Wednesday, November 1.

More notable recent AK Steel Holding Corporation (NYSE:AKS) news were published by: Investorplace.com which released: “Poor Earnings Momentum Restrains Upgrade of AK Steel Holding (AKS) Shares” on February 13, 2018, also Seekingalpha.com with their article: “AK Steel Should Be Avoided” published on January 31, 2018, Seekingalpha.com published: “AK Steel Holding’s (AKS) CEO Roger Newport on Q4 2017 Results – Earnings Call …” on January 30, 2018. More interesting news about AK Steel Holding Corporation (NYSE:AKS) were released by: Seekingalpha.com and their article: “Time To Look At AK Steel Again” published on February 08, 2018 as well as Seekingalpha.com‘s news article titled: “AK Steel: What Happened?” with publication date: January 31, 2018.

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