Olympic Steel, Inc. (ZEUS) Reaches $21.91 After 5.00% Down Move; Cadiz (CDZI) Sellers Increased By 10.59% Their Shorts

May 6, 2018 - By Linda Rogers

Olympic Steel, Inc. (NASDAQ:ZEUS) Logo

The stock of Olympic Steel, Inc. (NASDAQ:ZEUS) is a huge mover today! The stock decreased 4.86% or $1.12 during the last trading session, reaching $21.91. About 148,274 shares traded or 9.64% up from the average. Olympic Steel, Inc. (NASDAQ:ZEUS) has risen 7.71% since May 6, 2017 and is uptrending. It has underperformed by 3.84% the S&P500.The move comes after 6 months negative chart setup for the $240.98 million company. It was reported on May, 6 by Barchart.com. We have $20.81 PT which if reached, will make NASDAQ:ZEUS worth $12.05M less.

Cadiz Inc (NASDAQ:CDZI) had an increase of 10.59% in short interest. CDZI’s SI was 2.56M shares in May as released by FINRA. Its up 10.59% from 2.32M shares previously. With 209,300 avg volume, 12 days are for Cadiz Inc (NASDAQ:CDZI)’s short sellers to cover CDZI’s short positions. The SI to Cadiz Inc’s float is 14.46%. The stock decreased 1.13% or $0.15 during the last trading session, reaching $13.15. About 141,741 shares traded or 14.41% up from the average. Cadiz Inc. (NASDAQ:CDZI) has declined 5.84% since May 6, 2017 and is downtrending. It has underperformed by 17.39% the S&P500.

Among 3 analysts covering Olympic Steel Inc (NASDAQ:ZEUS), 1 have Buy rating, 0 Sell and 2 Hold. Therefore 33% are positive. Olympic Steel Inc has $23.0 highest and $14.50 lowest target. $20.75’s average target is -5.29% below currents $21.91 stock price. Olympic Steel Inc had 21 analyst reports since July 22, 2015 according to SRatingsIntel. The firm has “Underweight” rating by KeyBanc Capital Markets given on Friday, August 19. The stock has “Neutral” rating by Macquarie Research on Tuesday, November 8. The stock of Olympic Steel, Inc. (NASDAQ:ZEUS) earned “Hold” rating by Jefferies on Wednesday, July 19. The rating was maintained by Jefferies on Monday, March 5 with “Hold”. Jefferies maintained it with “Hold” rating and $2100 target in Thursday, July 6 report. Jefferies reinitiated the shares of ZEUS in report on Wednesday, January 13 with “Buy” rating. Jefferies downgraded the shares of ZEUS in report on Monday, March 21 to “Hold” rating. As per Wednesday, August 30, the company rating was maintained by Jefferies. The stock has “Buy” rating by Jefferies on Monday, August 24. The company was maintained on Wednesday, October 4 by Jefferies.

Investors sentiment increased to 1.5 in Q4 2017. Its up 0.55, from 0.95 in 2017Q3. It improved, as 6 investors sold Olympic Steel, Inc. shares while 26 reduced holdings. 19 funds opened positions while 29 raised stakes. 7.11 million shares or 0.65% more from 7.06 million shares in 2017Q3 were reported. Tci Wealth Inc reported 0% stake. Ancora Advsrs Limited Liability Corp has invested 0.05% in Olympic Steel, Inc. (NASDAQ:ZEUS). Invesco Ltd holds 0% or 55,401 shares in its portfolio. Clarivest Asset Mngmt Ltd Limited Liability Company, a California-based fund reported 92,000 shares. Bridgeway Mngmt accumulated 91,800 shares. Panagora Asset Mngmt Incorporated accumulated 18,618 shares or 0% of the stock. Gsa Prtnrs Limited Liability Partnership reported 0.14% stake. Amer Group Inc Inc holds 0% of its portfolio in Olympic Steel, Inc. (NASDAQ:ZEUS) for 7,294 shares. Public Employees Retirement System Of Ohio has 2,663 shares for 0% of their portfolio. Ameritas Investment Prtnrs Inc accumulated 846 shares. Teachers Retirement Sys Of The State Of Kentucky stated it has 4,000 shares or 0% of all its holdings. Geode Mngmt Limited holds 0% or 81,900 shares. Parametric Associate Lc holds 48,725 shares or 0% of its portfolio. State Teachers Retirement has 26,369 shares. Prelude Capital Limited Liability holds 0% or 152 shares.

Another recent and important Olympic Steel, Inc. (NASDAQ:ZEUS) news was published by Seekingalpha.com which published an article titled: “Olympic Steel’s (ZEUS) CEO Michael Siegal on Q1 2018 Results – Earnings Call Transcript” on May 06, 2018.

Olympic Steel, Inc. processes and distributes metal products in the United States and internationally. The company has market cap of $240.98 million. It operates in three divisions: Carbon Flat Products; Specialty Metals Flat Products; and Tubular and Pipe Products. It has a 13.15 P/E ratio. The Carbon Flat Products segment sells and distributes processed carbon and coated flat-rolled sheets, coil and plate products, and fabricated parts.

Investors sentiment increased to 1.09 in 2017 Q4. Its up 0.01, from 1.08 in 2017Q3. It increased, as 5 investors sold Cadiz Inc. shares while 17 reduced holdings. 7 funds opened positions while 17 raised stakes. 11.34 million shares or 2.29% more from 11.09 million shares in 2017Q3 were reported. Hightower Ltd Liability Corporation, a Illinois-based fund reported 16,018 shares. 3,489 are owned by Legal And General Grp Public Limited Liability Com. California Pub Employees Retirement invested in 0% or 28,208 shares. State Board Of Administration Of Florida Retirement Systems has 21,073 shares for 0% of their portfolio. Moreover, Kbc Grp Inc Nv has 0.03% invested in Cadiz Inc. (NASDAQ:CDZI). Janney Montgomery Scott Ltd Company owns 38,300 shares for 0.01% of their portfolio. Manufacturers Life The has 18,299 shares. Metropolitan Life Insurance reported 0% in Cadiz Inc. (NASDAQ:CDZI). Capital Fincl Advisers invested in 12,823 shares. Rhumbline Advisers reported 20,080 shares. Water Asset Mngmt Ltd Limited Liability Company owns 20.31% invested in Cadiz Inc. (NASDAQ:CDZI) for 2.97M shares. Invesco Limited has invested 0% in Cadiz Inc. (NASDAQ:CDZI). State Street has invested 0% in Cadiz Inc. (NASDAQ:CDZI). Moreover, Aqr Cap Management Limited Liability has 0% invested in Cadiz Inc. (NASDAQ:CDZI) for 15,580 shares. Tower Capital Ltd Limited Liability Company (Trc) has 322 shares.

More news for Cadiz Inc. (NASDAQ:CDZI) were recently published by: Streetinsider.com, which released: “Cadiz (CDZI) Board to Add Representatives From Water Asset Management” on May 02, 2018. Seekingalpha.com‘s article titled: “Cadiz: A Risky Potential Short” and published on April 23, 2018 is yet another important article.

Cadiz Inc. operates as a land and water resource development firm in the United States. The company has market cap of $305.35 million. It engages in the water resource, and land and agricultural development activities in San Bernardino County properties. It currently has negative earnings. The firm owns approximately 34,000 acres of land and the subsurface strata, including unsaturated soils and appurtenant water rights in the Cadiz and Fenner valleys of eastern San Bernardino County; and approximately 11,000 acres in the Mojave Desert in eastern San Bernardino County.

Olympic Steel, Inc. (NASDAQ:ZEUS) Institutional Positions Chart

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