Short Interest Watching: A Reversal for Cliffs Natural Resources Incorporated (NYSE:CLF) Is Near. The Stock Has Decrease in Shorts

November 29, 2016 - By Nellie Frank   ·   0 Comments

Short Interest Watching: A Reversal for Cliffs Natural Resources Incorporated (NYSE:CLF) Is Near. The Stock Has Decrease in Shorts

The stock of Cliffs Natural Resources Incorporated (NYSE:CLF) registered a decrease of 0.47% in short interest. CLF’s total short interest was 50.02M shares in November as published by FINRA. Its down 0.47% from 50.25 million shares, reported previously. With 12.92 million shares average volume, it will take short sellers 4 days to cover their CLF’s short positions. The short interest to Cliffs Natural Resources Incorporated’s float is 33.45%. About 14.62M shares traded hands or 2.67% up from the average. Cliffs Natural Resources Inc (NYSE:CLF) has risen 149.23% since April 26, 2016 and is uptrending. It has outperformed by 143.97% the S&P500.

Cliffs Natural Resources Inc. is a mining and natural resources company. The company has a market cap of $2.02 billion. The Firm is a supplier of iron ore pellets to the North American steel industry from its mines and pellet plants located in Michigan and Minnesota. It has a 27.09 P/E ratio. The Company’s divisions include U.S.

Insitutional Activity: The institutional sentiment increased to 1.79 in Q2 2016. Its up 0.66, from 1.13 in 2016Q1. The ratio is positive, as 30 funds sold all Cliffs Natural Resources Inc shares owned while 49 reduced positions. 28 funds bought stakes while 61 increased positions. They now own 97.87 million shares or 9.74% more from 89.18 million shares in 2016Q1.
Phoenix Adviser Lc owns 255,000 shares or 1.34% of their US portfolio. Comml Bank Of Mellon Corporation has 0% invested in the company for 949,893 shares. Airain Ltd holds 209,704 shares or 0.07% of its portfolio. Panagora Asset Management has 0% invested in the company for 3,800 shares. Parametric Portfolio Associates Ltd Llc has 492,420 shares for 0% of their US portfolio. State Treasurer State Of Michigan accumulated 227,400 shares or 0.01% of the stock. Td Asset Management Inc holds 38,389 shares or 0% of its portfolio. Glenmede Na holds 3,084 shares or 0% of its portfolio. Aperio Grp Ltd Company has 0% invested in the company for 22,204 shares. Us National Bank & Trust De accumulated 53,301 shares or 0% of the stock. Blackrock Institutional Trust Co Na has 0% invested in the company for 4.75 million shares. The Connecticut-based Cubist Systematic Strategies Ltd Limited Liability Company has invested 0.01% in Cliffs Natural Resources Inc (NYSE:CLF). Neuberger Berman Gp Ltd Liability Company has invested 0.02% of its portfolio in Cliffs Natural Resources Inc (NYSE:CLF). Moreover, Invesco Limited has 0% invested in Cliffs Natural Resources Inc (NYSE:CLF) for 1.56 million shares. Moreover, Livingston Grp Asset Communications (Operating As Southport Management) has 0% invested in Cliffs Natural Resources Inc (NYSE:CLF) for 1,200 shares.

Insider Transactions: Since October 28, 2016, the stock had 6 insider buys, and 0 insider sales for $215,102 net activity. On Wednesday, November 2 Rychel Eric M bought $27,750 worth of the stock or 5,000 shares. The insider Taylor Douglas C bought 12,500 shares worth $67,918. Fisher Robert P Jr bought $22,638 worth of Cliffs Natural Resources Inc (NYSE:CLF) on Thursday, November 3. Shares for $10,001 were bought by GREEN SUSAN MIRANDA on Tuesday, November 1. 6,000 shares with value of $31,895 were bought by RUTKOWSKI JOSEPH A on Friday, October 28. BALDWIN JOHN T had bought 10,000 shares worth $54,900 on Monday, October 31.

Cliffs Natural Resources Inc (NYSE:CLF) Ratings Coverage

Out of 10 analysts covering Cliffs Natural Resources Inc (NYSE:CLF), 2 rate it a “Buy”, 3 “Sell”, while 5 “Hold”. This means 20% are positive. Cliffs Natural Resources Inc has been the topic of 18 analyst reports since August 4, 2015 according to StockzIntelligence Inc. The rating was initiated by Axiom Capital on Friday, August 21 with “Sell”. The stock has “Outperform” rating given by Macquarie Research on Friday, June 10. Vetr downgraded Cliffs Natural Resources Inc (NYSE:CLF) on Monday, August 31 to “Hold” rating. FBR Capital maintained the stock with “Mkt Perform” rating in Monday, November 2 report. The stock has “Neutral” rating given by Macquarie Research on Friday, January 8. The firm earned “Equal-Weight” rating on Monday, November 14 by Morgan Stanley. The company was maintained on Monday, August 29 by Macquarie Research. The company was initiated on Friday, March 11 by Credit Suisse. The company was initiated on Friday, September 18 by FBR Capital. The firm has “Market Perform” rating given on Friday, April 29 by Cowen & Co.

CLF Company Profile

Cliffs Natural Resources Inc., incorporated on February 22, 1985, is a mining and natural resources company. The Firm is a supplier of iron ore pellets to the North American steel industry from its mines and pellet plants located in Michigan and Minnesota. The Company’s divisions include U.S. Iron Ore and Asia Pacific Iron Ore. The Firm operates an iron ore mining complex in Western Australia and owns approximately two non-operating iron ore mines in Eastern Canada.

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By Nellie Frank


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