United States Steel Corporation June 15th Short Interest Update

United States Steel Corporation (NYSE:X), A increase of 1,471,882 shares or 3.7% was observed in the short interest of United States Steel Corporatio The interest on June 15,2016 came in at 41,788,718 shares and as per the average daily trading of 15,899,678 shares, the days to cover are 3. The increased interest is 28.9% of the floated shares. The data of May 31,2016 put the interest at 40,316,836 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

United States Steel Corporation (NYSE:X): The stock opened at $16.85 on Friday but the bulls could not build on the opening and the stock topped out at $17.60 for the day. The stock traded down to $15.91 during the day, due to lack of any buying support eventually closed down at $15.99 with a loss of -11.36% for the day. The stock had closed at $18.04 on the previous day. The total traded volume was 21,753,298 shares.

The company shares have dropped -23.49% from its 1 Year high price. On Jun 29, 2015, the shares registered one year high at $21.66 and the one year low was seen on Jan 28, 2016. The 50-Day Moving Average price is $15.80 and the 200 Day Moving Average price is recorded at $12.75.

United States Steel Corporation (NYSE:X) has tumbled 11.07% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 11.2% in the last four weeks. The stocks have underperformed the S&P 500 by 9.59% during the past week but United States Steel Corporation (NYSE:X) it has outperformed the index in 4 weeks by 14.56%.

United States Steel Corporation (U. S. Steel) is a steel producer. The Company is engaged in producing flat-rolled and tubular products with production operations in North America and Europe. The Company operates through three segments: Flat-rolled Products (Flat-rolled), U. S. Steel Europe (USSE) and Tubular Products (Tubular). The results of the Companys railroad and real estate businesses are combined under the Other Businesses category. The Flat-rolled Products segment includes the operating results of all facilities within U. S. Steels integrated steel plants in the United States, except the Fairfield pipe facility. The USSE segment includes the operating results of U. S. Steel Kosice (USSK), the Companys steel plant and coke production facilities in Slovakia. The Tubular segment includes the operating results of U. S. Steels tubular production facilities, primarily in the United States, and equity investees in the United States and Brazil.

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