Metallus Inc. (NYSE:MTUS) Sees Large Decrease in Short Interest

Metallus Inc. (NYSE:MTUS) was the target of a large decrease in short interest in December. As of December 15th, there was short interest totalling 2,480,000 shares, a decrease of 15.6% from the November 30th total of 2,940,000 shares. Approximately 6.8% of the shares of the stock are short sold. Based on an average daily volume of 405,500 shares, the short-interest ratio is currently 6.1 days.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. State Street Corp bought a new stake in shares of Metallus during the 3rd quarter valued at about $32,439,000. Pacer Advisors Inc. bought a new stake in Metallus during the third quarter valued at approximately $27,669,000. Systematic Financial Management LP purchased a new position in Metallus in the 3rd quarter worth approximately $16,359,000. Janus Henderson Group PLC bought a new position in shares of Metallus in the 3rd quarter worth $15,534,000. Finally, Royce & Associates LP purchased a new stake in shares of Metallus during the 3rd quarter valued at $14,301,000. 77.58% of the stock is owned by institutional investors.

Metallus Trading Down 2.1 %

Shares of Metallus stock traded down $0.30 on Monday, reaching $13.79. The stock had a trading volume of 92,351 shares, compared to its average volume of 318,509. The business’s 50 day moving average is $15.32 and its two-hundred day moving average is $16.93. Metallus has a 1 year low of $13.64 and a 1 year high of $24.31. The company has a market cap of $585.99 million, a P/E ratio of 26.52, a price-to-earnings-growth ratio of 1.66 and a beta of 1.39.

About Metallus

Metallus Inc manufactures and sells alloy steel, and carbon and micro-alloy steel products in the United States and internationally. The company offers special bar quality (SBQ) bars, seamless mechanical tubes, precision steel components, and billets that are used in gears, hubs, axles, crankshafts and motor shafts, oil country drill pipes, bits and collars, bearing races and rolling elements, bushings, fuel injectors, wind energy shafts, anti-friction bearings, artillery and mortar bodies, and other applications.