Metallus Inc. (NYSE:MTUS) Short Interest Down 15.6% in December

Metallus Inc. (NYSE:MTUS) saw 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. Currently, 6.8% of the shares of the company are sold short. Based on an average daily trading volume, of 405,500 shares, the days-to-cover ratio is presently 6.1 days.

Metallus Price Performance

Shares of MTUS traded up $0.40 during midday trading on Tuesday, hitting $14.13. 337,701 shares of the company traded hands, compared to its average volume of 319,787. The stock has a 50-day moving average of $15.29 and a 200-day moving average of $16.88. Metallus has a one year low of $13.64 and a one year high of $24.31. The firm has a market cap of $600.44 million, a P/E ratio of 27.17, a PEG ratio of 1.66 and a beta of 1.39.

Hedge Funds Weigh In On Metallus

A number of institutional investors have recently added to or reduced their stakes in the business. FMR LLC bought a new position in shares of Metallus in the 3rd quarter worth $29,000. Mark Sheptoff Financial Planning LLC purchased a new position in Metallus in the third quarter worth $41,000. Huntington National Bank purchased a new position in Metallus in the third quarter worth $49,000. Y Intercept Hong Kong Ltd bought a new position in Metallus in the third quarter valued at $156,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in Metallus during the third quarter valued at about $159,000. 77.58% of the stock is currently owned by institutional investors.

Metallus Company Profile

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.