Jfe Holdings Inc. (OTCMKTS:JFEEF) Sees Significant Growth in Short Interest

Jfe Holdings Inc. (OTCMKTS:JFEEF) was the target of a large growth in short interest during the month of August. As of August 14th, there was short interest totaling 2,493,604 shares, a growth of 115.4% from the July 30th total of 1,157,812 shares. Approximately 1.3% of the company’s stock are sold short. Based on an average daily trading volume, of 199 shares, the days-to-cover ratio is presently 12,530.7 days.

JFE Stock Performance

Shares of JFE stock remained flat at $10.73 during trading hours 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 business’s 50-day simple moving average is $10.45 and its 200 day simple moving average is $11.50. The firm has a market cap of $1.98 billion, a PE ratio of 11.75 and a beta of 0.26. JFE has a fifty-two week low of $9.45 and a fifty-two week high of $15.00.

JFE (OTCMKTS:JFEEF) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.10. The firm had revenue of $7.14 billion during the quarter, compared to analysts’ expectations of $7.19 billion. JFE had a net margin of 2.05% and a return on equity of 3.54%.

About JFE

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.