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

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

JFE Price Performance

JFEEF stock opened at $10.73 on Monday. 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 has a one year low of $9.45 and a one year high of $15.00. The stock has a market cap of $1.98 billion, a PE ratio of 11.75 and a beta of 0.26. The firm has a 50 day simple moving average of $10.45 and a two-hundred day simple moving average of $11.48.

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

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.