ArcelorMittal SA (MT) Short Interest Down 37.2% in January

ArcelorMittal SA (NYSE:MT) saw a large decrease in short interest during the month of January. As of January 31st, there was short interest totalling 5,527,154 shares, a decrease of 37.2% from the January 12th total of 8,806,922 shares. Based on an average daily volume of 3,125,884 shares, the short-interest ratio is presently 1.8 days.

A number of large investors have recently modified their holdings of the stock. Cambiar Investors LLC boosted its stake in ArcelorMittal by 4.7% during the 3rd quarter. Cambiar Investors LLC now owns 5,283,658 shares of the basic materials company’s stock worth $136,107,000 after purchasing an additional 237,033 shares during the period. Dimensional Fund Advisors LP boosted its stake in ArcelorMittal by 32.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,341,298 shares of the basic materials company’s stock worth $60,312,000 after purchasing an additional 567,841 shares during the period. Capital Growth Management LP acquired a new stake in ArcelorMittal during the 4th quarter worth $32,310,000. Alpine Woods Capital Investors LLC boosted its stake in ArcelorMittal by 71.3% during the 3rd quarter. Alpine Woods Capital Investors LLC now owns 531,000 shares of the basic materials company’s stock worth $13,679,000 after purchasing an additional 221,001 shares during the period. Finally, State Street Corp acquired a new stake in ArcelorMittal during the 2nd quarter worth $8,658,000. Hedge funds and other institutional investors own 4.11% of the company’s stock.

ArcelorMittal (NYSE MT) opened at $33.98 on Wednesday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.25 and a quick ratio of 0.41. The company has a market cap of $34,130.00, a price-to-earnings ratio of 7.62, a P/E/G ratio of 0.66 and a beta of 2.32. ArcelorMittal has a 52-week low of $19.59 and a 52-week high of $37.50.

ArcelorMittal (NYSE:MT) last posted its earnings results on Wednesday, January 31st. The basic materials company reported $1.01 EPS for the quarter, beating the Zacks’ consensus estimate of $0.80 by $0.21. The firm had revenue of $17.71 billion for the quarter, compared to the consensus estimate of $18.34 billion. ArcelorMittal had a net margin of 6.65% and a return on equity of 12.03%. During the same period last year, the firm posted $0.39 EPS. research analysts predict that ArcelorMittal will post 3.69 earnings per share for the current fiscal year.

MT has been the topic of a number of recent analyst reports. Deutsche Bank reissued a “buy” rating on shares of ArcelorMittal in a research report on Friday, November 17th. ValuEngine downgraded shares of ArcelorMittal from a “strong-buy” rating to a “buy” rating in a research report on Thursday, November 9th. UBS Group reissued a “buy” rating on shares of ArcelorMittal in a research report on Thursday, October 26th. Zacks Investment Research downgraded shares of ArcelorMittal from a “buy” rating to a “hold” rating in a research report on Wednesday, November 8th. Finally, Cowen reissued a “hold” rating and issued a $35.00 price objective on shares of ArcelorMittal in a research report on Thursday, January 4th. Three research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $36.89.

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ArcelorMittal Company Profile

ArcelorMittal SA (ArcelorMittal) is a holding company. The Company, together with its subsidiaries, owns and operates steel manufacturing and mining facilities in Europe, North and South America, Asia and Africa. ArcelorMittal operates through five segments, which include NAFTA; Europe; Brazil; Africa and Commonwealth of Independent States (ACIS), and Mining.

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