Short Interest in ArcelorMittal SA Increases By 11.6% (MT)
ArcelorMittal SA (NYSE:MT) saw a large growth in short interest during the month of May. As of May 15th, there was short interest totalling 33,351,118 shares, a growth of 11.6% from the April 30th total of 29,885,328 shares, Stock Ratings Network reports. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 4,442,743 shares, the short-interest ratio is presently 7.5 days.
A number of analysts have recently weighed in on MT shares. Analysts at S&P Equity Research upgraded shares of ArcelorMittal SA to a “hold” rating in a research note on Friday. Separately, analysts at Goldman Sachs downgraded shares of ArcelorMittal SA from a “neutral” rating to a “sell” rating in a research note on Thursday, May 22nd. Finally, analysts at Zacks downgraded shares of ArcelorMittal SA from a “neutral” rating to an “underperform” rating in a research note on Monday, April 14th. They now have a $15.00 price target on the stock. Seven analysts have rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $18.60.
ArcelorMittal SA (NYSE:MT) opened at 15.36 on Monday. ArcelorMittal SA has a 1-year low of $10.83 and a 1-year high of $17.92. The stock’s 50-day moving average is $15.82 and its 200-day moving average is $16.29. The company’s market cap is $27.494 billion.
ArcelorMittal SA (NYSE:MT) last posted its quarterly earnings results on Friday, May 9th. The company reported ($0.12) earnings per share for the quarter, missing the analysts’ consensus estimate of $0.06 by $0.18. The company had revenue of $19.79 billion for the quarter, compared to the consensus estimate of $20.01 billion. During the same quarter last year, the company posted ($0.21) earnings per share. ArcelorMittal SA’s revenue was up .2% compared to the same quarter last year. On average, analysts predict that ArcelorMittal SA will post $0.77 earnings per share for the current fiscal year.
ArcelorMittal SA (NYSE:MT) is a global steel producer.
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