The stock of Arcelormittal SA Luxembourg (NYSE:MT) registered an increase of 39.17% in short interest. MT’s total short interest was 30.96M shares in September as published by FINRA. Its up 39.17% from 22.25M shares, reported previously. With 14.98M shares average volume, it will take short sellers 2 days to cover their MT’s short positions. The short interest to Arcelormittal SA Luxembourg’s float is 1.01%. About 31.44 million shares traded hands or 85.82% up from the average. ArcelorMittal SA (ADR) (NYSE:MT) has risen 70.74% since February 8, 2016 and is uptrending. It has outperformed by 54.25% the S&P500.
ArcelorMittal S.A. is a holding company. The company has a market cap of $17.10 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.
Out of 11 analysts covering Arcelormittal (NYSE:MT), 6 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 55% are positive. Arcelormittal has been the topic of 25 analyst reports since September 28, 2015 according to StockzIntelligence Inc. JP Morgan upgraded the stock on August 19 to “Neutral” rating.
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