Short Interest in Jfe Holdings Inc. (OTCMKTS:JFEEF) Drops By 37.5%

Jfe Holdings Inc. (OTCMKTS:JFEEF) was the recipient of a significant decline in short interest in April. As of April 30th, there was short interest totaling 1,728,542 shares, a decline of 37.5% from the April 15th total of 2,767,422 shares. Based on an average daily volume of 313 shares, the short-interest ratio is presently 5,522.5 days. Currently, 0.9% of the shares of the stock are sold short.

JFE Stock Performance

Shares of JFEEF remained flat at $10.85 during midday trading on Tuesday. The company has a quick ratio of 0.89, a current ratio of 1.71 and a debt-to-equity ratio of 0.58. The stock has a market cap of $2.01 billion, a P/E ratio of 15.66 and a beta of 0.23. The stock has a 50-day moving average of $11.79 and a 200-day moving average of $12.54. JFE has a 1-year low of $10.14 and a 1-year high of $15.00.

JFE (OTCMKTS:JFEEF) last announced its earnings results on Friday, May 8th. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.30). The firm had revenue of $7.30 billion for the quarter, compared to the consensus estimate of $7.73 billion. JFE had a net margin of 1.54% and a return on equity of 2.68%.

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.