United States Steel Corporation (X): Price Target and June Short Interest Disclosure

United States Steel Corporation (X) : The highest level United States Steel Corporation (X) is projected to reach is $28 for the short term and the lowest estimate is at $6. The consolidated price target from 11 rating analysts who initiate coverage on the stock is $15.27 and the possibility the share price can swing is $5.71.

United States Steel Corporation (X), A increase of 1,286,896 shares or 3.1% was observed in the short interest of United States Steel Corporatio The interest on June 30,2016 came in at 43,075,614 shares and as per the average daily trading of 14,561,842 shares, the days to cover are 3. The increased interest is 29.8% of the floated shares. The data of June 15,2016 put the interest at 41,788,718 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.

Also, Major Brokerage house, Deutsche Bank upgrades its ratings on United States Steel Corporation (NYSE:X). In the latest research report, Deutsche Bank raises the target price from $8 per share to $15 per share. According to the latest information available, the shares are now rated Hold by the analysts at the agency. Previously, the analysts had a Sell rating on the shares. The rating by the firm was issued on July 6, 2016.


United States Steel Corporation (NYSE:X): stock turned positive on Thursday. Though the stock opened at $21.27, the bulls momentum made the stock top out at $21.5 level for the day. The stock recorded a low of $20.69 and closed the trading day at $21.28, in the green by 0.76%. The total traded volume for the day was 12,760,921. The stock had closed at $21.12 in the previous days trading.

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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