Jfe Holdings Inc. (OTCMKTS:JFEEF) Sees Large Decline in Short Interest

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

JFE Price Performance

JFEEF stock remained flat at $10.73 during midday trading on Friday. The company’s fifty day moving average price is $10.48 and its two-hundred day moving average price is $11.71. JFE has a 52 week low of $9.45 and a 52 week high of $15.00. The stock has a market capitalization of $1.98 billion, a P/E ratio of 11.75 and a beta of 0.26. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.71 and a quick ratio of 0.89.

JFE (OTCMKTS:JFEEF) last released its earnings results on Wednesday, August 5th. The company reported $0.29 EPS for the quarter, beating 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 analysts’ expectations of $7.19 billion.

JFE Company Profile

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.