Could Ternium S.A. Ternium S.A. American Depositary Shar (NYSE:TX) Change Direction After Less Shorts?

June 13, 2018 - By Darrin Black

Ternium S.A. (NYSE:TX) Logo

The stock of Ternium S.A. Ternium S.A. American Depositary Shar (NYSE:TX) registered a decrease of 8.77% in short interest. TX’s total short interest was 402,800 shares in June as published by FINRA. Its down 8.77% from 441,500 shares, reported previously. With 398,000 shares average volume, it will take short sellers 1 days to cover their TX’s short positions. The short interest to Ternium S.A. Ternium S.A. American Depositary Shar’s float is 0.82%.

The stock decreased 0.46% or $0.17 during the last trading session, reaching $37.03. About 18,629 shares traded. Ternium S.A. (NYSE:TX) has risen 46.05% since June 13, 2017 and is uptrending. It has outperformed by 33.48% the S&P500.

Ternium S.A. manufactures and processes various steel products in Mexico, Argentina, Bolivia, Chile, Paraguay, Uruguay, Colombia, the United States, Central America, and internationally. The company has market cap of $7.27 billion. The firm operates in two divisions, Steel and Mining. It has a 7.33 P/E ratio. The Steel segment offers steel products, such as slabs, billets and round bars, hot-rolled coils and sheets, bars and stirrups, wire rods, cold-rolled coils and sheets, tin plates, hot dipped galvanized and electrogalvanized sheets, pre-painted sheets, steel pipes and tubular products, beams, roll formed products, and other products.

Ternium S.A. (NYSE:TX) Ratings Coverage

Among 2 analysts covering Ternium SA (NYSE:TX), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Ternium SA has $4700 highest and $43.0 lowest target. $47’s average target is 26.92% above currents $37.03 stock price. Ternium SA had 3 analyst reports since February 8, 2018 according to SRatingsIntel. The stock of Ternium S.A. (NYSE:TX) earned “Buy” rating by Scotia Capital on Thursday, February 8. The stock of Ternium S.A. (NYSE:TX) earned “Buy” rating by Scotia Capital on Thursday, April 19. The company was upgraded on Tuesday, May 15 by Credit Suisse.

Ternium S.A. (NYSE:TX) Ratings Chart

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