Allegheny Technologies

ATI

Allegheny Technologies Incorporated (ATI) is a specialty metals company headquartered at Six PPG Place in Pittsburgh, Pennsylvania. ATI produces titanium and titanium alloys, nickel-based alloys and superalloys, grain-oriented electrical steel, stainless and specialty steels, zirconium, hafnium, and niobium, tungsten materials, forgings and castings.ATI's key markets are aerospace and defense particularly commercial jet engines (over 50% of sales), oil & gas, chemical process industry, electrical energy, and medical.The company organizes its products into two segments: High Performance Materials & Components, which includes titanium-based alloys, nickel-based alloys and superalloys, zirconium and hafnium. Advanced Alloys & Solutions, which includes zirconium-, hafnium-, and niobium-based alloys, titanium and titanium alloys, nickel-based alloys, specialty alloys, duplex alloys in sheet, strip, and plate form, grain-oriented electrical steel.The company's plants in Western Pennsylvania include facilities in Harrison Township (Allegheny Ludlum's Brackenridge Works), Vandergrift, and Washington. The company also has plants in: Illinois; Indiana; Ohio; Kentucky; California; South Carolina; Oregon; Alabama; Texas; Connecticut; Massachusetts; North Carolina; Wisconsin; Shanghai, China; and several facilities in Europe.

Allegheny Technologies has been a target of short sellers for a while. The current short interest of 2.72% is roughly at the average of the last 12 months (2.43%).