JFE Holdings, Inc. (OTCMKTS:JFEEF) Sees Large Growth in Short Interest

JFE Holdings, Inc. (OTCMKTS:JFEEF) was the recipient of a significant growth in short interest in the month of March. As of March 15th, there was short interest totalling 4,877,200 shares, a growth of 32.3% from the February 28th total of 3,687,200 shares. Based on an average daily volume of 200 shares, the days-to-cover ratio is currently 24,386.0 days. Currently, 0.8% of the shares of the company are sold short.

JFE Stock Performance

JFE stock remained flat at $13.30 on Monday. The firm has a market capitalization of $8.46 billion, a P/E ratio of 10.00 and a beta of 0.68. The company has a fifty day simple moving average of $11.33 and a 200-day simple moving average of $12.03. JFE has a 1-year low of $10.40 and a 1-year high of $13.30. The company has a quick ratio of 0.81, a current ratio of 1.63 and a debt-to-equity ratio of 0.53.

JFE (OTCMKTS:JFEEF) last posted its quarterly earnings results on Thursday, February 6th. The company reported $0.57 earnings per share (EPS) for the quarter. JFE had a net margin of 2.69% and a return on equity of 5.22%.

About JFE

JFE Holdings, Inc, through its subsidiaries, engages in steel, engineering, and trading businesses in Japan and internationally. Its Steel segment produces and sells various steel products, processed steel products, and raw materials, as well as operates in the transportation, facility maintenance, and construction businesses.