AK Steel Holding Corporation (AKS): Price Target and June Short Interest Disclosure

AK Steel Holding Corporation (AKS) : The most positive equity analysts on AK Steel Holding Corporation (AKS) expects the shares to touch $6, whereas, the least positive believes that the stock will trade at $2 in the short term. The company is covered by 10 Wall Street Brokerage Firms. The average price target for shares are $4.08 with an expected fluctuation of $1.21 from the mean.

AK Steel Holding Corporation (AKS) has seen a rise of 5,619,557 shares or 16.5% in the short interest. The remaining shorts are 17.2% of the total floated shares. The net short interest, as on June 30,2016, stood at 39,751,766 shares and the stocks days to cover will be 4 by factoring in the average per day volume of 10,810,412 shares. On June 15,2016, 34,132,209 shares were shorted. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.

Also, Equity analysts at the Brokerage firm Jefferies maintains its rating on AK Steel Holding Corporation (NYSE:AKS). The rating major has initiated the coverage with hold rating on the shares. The Analysts at Jefferies raises the price target from $4.25 per share to $5 per share. The rating by the firm was issued on June 10, 2016.


AK Steel Holding Corporation (NYSE:AKS): stock turned positive on Thursday. Though the stock opened at $5.47, the bulls momentum made the stock top out at $5.595 level for the day. The stock recorded a low of $5.25 and closed the trading day at $5.54, in the green by 4.53%. The total traded volume for the day was 14,462,681. The stock had closed at $5.3 in the previous days trading.

AK Steel Holding Corporation (AK Holding) is an integrated producer of flat-rolled carbon, stainless and electrical steels and tubular products through its wholly-owned subsidiary, AK Steel Corporation (AK Steel and, together with AK Holding, the Company). The operations of the Company and its wholly owned subsidiaries consist primarily of eight steelmaking and finishing plants, two coke plants and two tube manufacturing plants across six states, which include Indiana, Kentucky, Michigan, Ohio, Pennsylvania and West Virginia. These operations produce flat-rolled carbon steels, including coated, cold-rolled and hot-rolled carbon steel products, and specialty stainless and electrical steels that are sold in sheet and strip form, as well as carbon and stainless steel that is finished into welded steel tubing. These products are sold to the automotive, infrastructure and manufacturing, and distributors and converters markets.

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