Arcelormittal SA Luxembourg (NYSE:MT) Short Interest Decreased By 11.47%
July 16, 2016 Michael Collier
The stock of Arcelormittal SA Luxembourg (NYSE:MT) registered a decrease of 11.47% in short interest. MT’s total short interest was 23.77 million shares in July as published by FINRA. Its down 11.47% from 26.85M shares, reported previously. With 15.71M 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 1.33%. The stock decreased 1.23% or $0.07 on July 15, hitting $5.64. About 8.54M shares traded hands. ArcelorMittal SA (ADR) (NYSE:MT) has risen 40.65% since December 9, 2015 and is uptrending. It has outperformed by 35.08% the S&P500.
ArcelorMittal S.A. is a holding company. The company has a market cap of $17.66 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 12 analysts covering Arcelormittal (NYSE:MT), 7 rate it a “Buy”, 1 “Sell”, while 4 “Hold”. This means 58% are positive. Arcelormittal has been the topic of 29 analyst reports since July 21, 2015 according to StockzIntelligence Inc. Citigroup upgraded the stock on June 1 to “Buy” rating.