JFE Holdings, Inc. (OTCMKTS:JFEEF) Short Interest Down 8.2% in August

JFE Holdings, Inc. (OTCMKTS:JFEEFGet Rating) was the target of a significant decline in short interest in August. As of August 31st, there was short interest totalling 6,052,000 shares, a decline of 8.2% from the August 15th total of 6,595,000 shares. Based on an average daily trading volume, of 100 shares, the days-to-cover ratio is currently 60,520.0 days.

Analyst Ratings Changes

Separately, Daiwa Capital Markets cut JFE from an “outperform” rating to a “neutral” rating in a research note on Wednesday, May 25th.

JFE Stock Performance

JFEEF opened at $10.20 on Tuesday. JFE has a 12 month low of $10.20 and a 12 month high of $16.85. The stock has a market capitalization of $5.87 billion, a price-to-earnings ratio of 2.22 and a beta of 0.82. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.62 and a quick ratio of 0.76. The business has a fifty day moving average price of $10.83 and a 200 day moving average price of $11.96.

JFE (OTCMKTS:JFEEFGet Rating) last released its earnings results on Wednesday, August 3rd. The company reported $1.12 EPS for the quarter. JFE had a return on equity of 15.21% and a net margin of 6.56%. The firm had revenue of $9.68 billion during the quarter. Sell-side analysts expect that JFE will post 2.03 earnings per share for the current fiscal year.

About JFE

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JFE Holdings, Inc, through its subsidiaries, engages in steel, engineering, and trading businesses in Japan and internationally. Its Steel segment produces and sells various steel products, processed steel products, and raw materials, as well as operates in the transportation, facility maintenance, and construction businesses.

Further Reading

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