Arcelormittal SA Luxembourg (NYSE:MT) Sellers Increased By 9.47% Their Shorts

The stock of Arcelormittal SA Luxembourg (NYSE:MT) registered an increase of 9.47% in short interest. MT’s total short interest was 41.41 million shares in March as published by FINRA. Its up 9.47% from 37.82M shares, reported previously. With 11.34 million shares average volume, it will take short sellers 4 days to cover their MT’s short positions. The short interest to Arcelormittal SA Luxembourg’s float is 3.48%. The stock increased 0.21% or $0.01 during the last trading session, hitting $4.68. About 26,200 shares traded hands. ArcelorMittal SA (ADR) (NYSE:MT) has declined 47.76% since August 3, 2015 and is downtrending. It has underperformed by 42.10% the S&P500.

ArcelorMittal SA is a holding company. The company has a market cap of $7.76 billion. The Firm is a steel and mining company, which operates through five divisions: NAFTA; Europe; Brazil; Africa and Commonwealth of Independent States (ACIS), and Mining. It currently has negative earnings. The Firm produces a range of finished and semi-finished steel products.

Out of 5 analysts covering Arcelormittal (NYSE:MT), 2 rate it “Buy”, 1 “Sell”, while 3 “Hold”. This means 33% are positive. Arcelormittal was the topic in 22 analyst reports since July 21, 2015 according to StockzIntelligence Inc. Jefferies upgraded the stock on March 7 to “Hold” rating.

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