Jfe Holdings Inc. (OTCMKTS:JFEEF) Short Interest Update

by · The Cerbat Gem

Jfe Holdings Inc. (OTCMKTS:JFEEF – Get Free Report) was the recipient of a significant decline in short interest during the month of July. As of July 31st, there was short interest totaling 1,157,812 shares, a decline of 51.9% from the July 15th total of 2,406,231 shares. Currently, 0.6% of the company’s stock are sold short. Based on an average daily trading volume, of 129 shares, the days-to-cover ratio is currently 8,975.3 days.

JFE Price Performance

OTCMKTS JFEEF remained flat at $10.73 on Friday. The company has a current ratio of 1.71, a quick ratio of 0.89 and a debt-to-equity ratio of 0.58. The company’s fifty day simple moving average is $10.48 and its 200-day simple moving average is $11.71. JFE has a 12 month low of $9.45 and a 12 month high of $15.00. The company has a market capitalization of $1.98 billion, a PE ratio of 11.75 and a beta of 0.26.

JFE (OTCMKTS:JFEEF – Get Free Report) last issued its earnings results on Wednesday, August 5th. The company reported $0.29 EPS for the quarter, topping the consensus estimate of $0.19 by $0.10. JFE had a return on equity of 3.54% and a net margin of 2.05%.The company had revenue of $7.14 billion during the quarter, compared to analyst estimates of $7.19 billion.

About JFE

(Get Free Report)

JFE Holdings, Inc (OTCMKTS: JFEEF) is a Tokyo‐based steel and engineering conglomerate that ranks among the largest industrial groups in Japan. The company operates primarily through two main segments: JFE Steel, which manufactures a broad range of steel products including flat‐rolled steel, long steel products and plates, and JFE Engineering, which provides environmental and resource treatment facilities as well as infrastructure systems. Serving key industries such as automotive, construction, shipbuilding and energy, JFE Holdings combines advanced steelmaking expertise with engineering services to support a wide array of global customers.

Formed in September 2002 through the merger of NKK Corporation and Kawasaki Steel Corporation, JFE Holdings built on a legacy of technical innovation spanning more than a century.

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