SunCoke Energy Inc (NYSE:SXC) Sees Large Growth in Short Interest

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SunCoke Energy Inc (NYSE:SXC) was the target of a large increase in short interest in the month of June. As of June 30th, there was short interest totalling 7,264,700 shares, an increase of 15.5% from the May 30th total of 6,292,500 shares. Approximately 11.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,030,000 shares, the days-to-cover ratio is currently 7.1 days.

Shares of SXC stock traded down $0.07 during trading hours on Monday, hitting $8.70. 30,706 shares of the company’s stock were exchanged, compared to its average volume of 1,693,834. The company has a current ratio of 1.78, a quick ratio of 1.08 and a debt-to-equity ratio of 1.21. The company has a market capitalization of $565.73 million, a price-to-earnings ratio of 21.75 and a beta of 1.23. The business’s 50 day moving average price is $8.00. SunCoke Energy has a fifty-two week low of $7.29 and a fifty-two week high of $13.96.

SunCoke Energy (NYSE:SXC) last posted its quarterly earnings data on Wednesday, April 24th. The energy company reported $0.15 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.15. SunCoke Energy had a return on equity of 4.01% and a net margin of 1.83%. The firm had revenue of $391.30 million during the quarter, compared to the consensus estimate of $357.85 million. During the same period in the prior year, the company earned $0.13 EPS. The firm’s revenue was up 11.6% compared to the same quarter last year. On average, equities analysts predict that SunCoke Energy will post 0.9 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Bank of Montreal Can raised its stake in SunCoke Energy by 31.2% in the 1st quarter. Bank of Montreal Can now owns 6,521 shares of the energy company’s stock valued at $55,000 after purchasing an additional 1,552 shares during the last quarter. Texas Permanent School Fund grew its holdings in SunCoke Energy by 3.8% in the 1st quarter. Texas Permanent School Fund now owns 43,968 shares of the energy company’s stock valued at $373,000 after buying an additional 1,598 shares in the last quarter. Comerica Bank grew its holdings in SunCoke Energy by 2.8% in the 1st quarter. Comerica Bank now owns 64,048 shares of the energy company’s stock valued at $579,000 after buying an additional 1,769 shares in the last quarter. Rhumbline Advisers grew its holdings in SunCoke Energy by 1.2% in the 1st quarter. Rhumbline Advisers now owns 198,128 shares of the energy company’s stock valued at $1,682,000 after buying an additional 2,378 shares in the last quarter. Finally, Cullen Frost Bankers Inc. purchased a new stake in SunCoke Energy in the 1st quarter valued at $26,000. 93.34% of the stock is owned by hedge funds and other institutional investors.

Several research analysts have recently weighed in on SXC shares. Zacks Investment Research downgraded Farmland Partners from a “hold” rating to a “sell” rating in a research note on Friday. ValuEngine downgraded Valero Energy from a “hold” rating to a “sell” rating in a research note on Wednesday, May 8th.

SunCoke Energy Company Profile

SunCoke Energy, Inc operates as an independent producer of coke in the Americas. The company operates through three segments: Domestic Coke, Brazil Coke, and Logistics. It offers metallurgical and thermal coal. The company also provides handling and/or mixing services to steel, coke, electric utility, coal producing, and other manufacturing based customers.

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