Short Interest to Follow: Could Arcelormittal SA Luxembourg (NYSE:MT) Go Down After Its Newest Short Interest Report?

November 24, 2016 - By Pete Kolinski   ·   0 Comments

Short Interest to Follow: Could Arcelormittal SA Luxembourg (NYSE:MT) Go Down After Its Newest Short Interest Report?

The stock of Arcelormittal SA Luxembourg (NYSE:MT) registered a decrease of 5% in short interest. MT’s total short interest was 40.32 million shares in November as published by FINRA. Its down 5% from 42.44M shares, reported previously. With 14.27M shares average volume, it will take short sellers 3 days to cover their MT’s short positions. The short interest to Arcelormittal SA Luxembourg’s float is 1.32%. The stock decreased 1.18% or $0.09 on November 23, hitting $7.56. About 16.80 million shares traded hands. ArcelorMittal SA (ADR) (NYSE:MT) has risen 33.10% since April 22, 2016 and is uptrending. It has outperformed by 27.69% the S&P500.

ArcelorMittal S.A. is a holding company. The company has a market cap of $24.46 billion. The Firm is an integrated steel and mining company. It currently has negative earnings. ArcelorMittal operates through five divisions: NAFTA; Europe; Brazil; Africa and Commonwealth of Independent States (ACIS), and Mining.

ArcelorMittal SA (ADR) (NYSE:MT) Ratings Coverage

Out of 13 analysts covering Arcelormittal (NYSE:MT), 7 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 54% are positive. Arcelormittal has been the topic of 31 analyst reports since July 21, 2015 according to StockzIntelligence Inc. Credit Suisse downgraded the shares of MT in a report on Friday, October 23 to “Neutral” rating. JP Morgan upgraded the stock to “Neutral” rating in Friday, August 19 report. The stock of ArcelorMittal SA (ADR) (NYSE:MT) earned “Overweight” rating by Morgan Stanley on Thursday, March 10. The stock of ArcelorMittal SA (ADR) (NYSE:MT) earned “Buy” rating by Berenberg on Wednesday, October 14. The rating was upgraded by JP Morgan on Friday, October 9 to “Overweight”. The firm has “Buy” rating by Citigroup given on Monday, October 5. The stock of ArcelorMittal SA (ADR) (NYSE:MT) earned “Underweight” rating by JP Morgan on Monday, April 18. HSBC downgraded the stock to “Hold” rating in Monday, December 7 report. The firm earned “Underperform” rating on Wednesday, January 13 by Jefferies. The stock of ArcelorMittal SA (ADR) (NYSE:MT) earned “Outperform” rating by Credit Suisse on Wednesday, April 13.

MT Company Profile

ArcelorMittal S.A. (ArcelorMittal), incorporated on June 21, 2001, is a holding company. The Firm is an integrated steel and mining company. ArcelorMittal operates through five divisions: NAFTA; Europe; Brazil; Africa and Commonwealth of Independent States (ACIS), and Mining. It produces a range of finished and semi-finished steel products (semis). ArcelorMittal produces flat steel products, including sheet and plate, and long steel products, including bars, rods and structural shapes. In addition, ArcelorMittal produces pipes and tubes for various applications.

More news for ArcelorMittal SA (ADR) (NYSE:MT) were recently published by: Investorplace.com, which released: “Bull of the Day: ArcelorMittal SA (ADR) (MT)” on August 02, 2016. Fool.com‘s article titled: “ArcelorMittal SA (ADR) Stock Weighted Down by Capital-Raising Plans” and published on February 05, 2016 is yet another important article.

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By Pete Kolinski


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