The Short Interest in United States Steel Corp. (X) Drops By 8.1%

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First Trust Advisors LP now owns 377,889 shares of the basic materials company's stock valued at $2,483,000 after buying an additional 137,078 shares in the last quarter. World Asset Management Inc lifted its position in AK Steel Holding Corporation by 2.5% in the second quarter. Previously AK Steel Holding Corp (NYSE:AKS) reported $0 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by $-0.04 with surprise factor of -100%. Jennison Associates LLC acquired a new stake in United States Steel Corporation in the 2nd quarter worth about $20,786,000. DekaBank Deutsche Girozentrale increased its stake in United States Steel Corp.by 61.0% in the second quarter. LS Investment Advisors LLC now owns 8,787 shares of the company's stock worth $148,000 after buying an additional 3,675 shares in the last quarter.

Analysts believe that the company has the potential to earn average revenue of $1.44 Billion for the current quarter. The institutional investor owned 120,548 shares of the basic materials company's stock after acquiring an additional 54,708 shares during the period.

At the session level, shares of Immunomedics, Inc.(NASDAQ:IMMU) moved -19.48% from the open. The company has a debt-to-equity ratio of 11.89, a current ratio of 1.92 and a quick ratio of 0.75. AK Steel Holding Corporation has a 12 month low of $4.05 and a 12 month high of $11.39.

United States Steel Corp. has a 12 month low of $6.15 and a 12 month high of $27.64.

AK Steel Holding Corporation (AKS) belonging to the Basic Materials sector has surged 1.65% and closed its last trading session at $4.3. According to their predictions high & low revenue estimates are 1.47 Billion and 1.36 Billion respectively. Currently, AK Steel Holding Corporation (NYSE:AKS) has an average volume of 16.54 Million.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 12th. The ex-dividend date of this dividend is Thursday, November 9th.

TRADEMARK VIOLATION NOTICE: This story was reported by StockNewsTimes and is the sole property of of StockNewsTimes. If you are reading this piece on another publication, it was illegally copied and republished in violation of United States and worldwide trademark & copyright laws. The original version of this story can be read at https://stocknewstimes.com/2017/11/14/state-treasurer-state-of-michigan-sells-6300-shares-of-united-states-steel-corporation-x.html. The shares were bought at an average price of $26.89 per share, for a total transaction of $107,560.00. The stock has been active on the tape, now trading at $27.62, up from yesterday's close by 0.58%. Institutional investors and hedge funds own 72.55% of the company's stock. The disclosure for this purchase can be found here. Jefferies Group LLC reaffirmed a "buy" rating and set a $32.00 price target on shares of United States Steel Corporation in a report on Thursday, August 31st. Also, the Hold rating count is 10 as of 11/13/17. The consensus rating is 2.5, suggesting the market has given up on the stock. That value represents a market adjusting for revenues that have been growing by 20.92 % on a quarterly year/year basis as of the company's last quarterly report.

On November 6 Cowen and Company made no change to the stock rating of "Market Perform" projecting a price of $4.00. Four equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the company's stock. The stock now has an average rating of "Hold" and a consensus price target of $7.56.

United States Steel Corporation is an integrated steel producer.

AK Steel produces flat-rolled carbon, stainless and electrical steel products, as well as carbon and stainless tubular steel products, for automotive, appliance, construction and manufacturing markets. The Company also operates blast furnaces and electric arc furnaces.

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