ArcelorMittal S.A. (NYSE:MT) Short Interest Update

ArcelorMittal S.A. (NYSE:MT) was the recipient of a significant increase in short interest during the month of February. As of February 15th, there was short interest totalling 5,680,000 shares, an increase of 38.2% from the January 31st total of 4,110,000 shares. Approximately 0.7% of the shares of the company are sold short. Based on an average daily volume of 1,790,000 shares, the short-interest ratio is presently 3.2 days.

Institutional Investors Weigh In On ArcelorMittal

Several large investors have recently made changes to their positions in the company. Polar Asset Management Partners Inc. bought a new stake in shares of ArcelorMittal in the 4th quarter valued at approximately $2,521,000. Vise Technologies Inc. bought a new stake in shares of ArcelorMittal in the 4th quarter valued at approximately $217,000. Quantinno Capital Management LP grew its stake in shares of ArcelorMittal by 26.5% in the 4th quarter. Quantinno Capital Management LP now owns 144,604 shares of the basic materials company’s stock valued at $3,345,000 after buying an additional 30,280 shares in the last quarter. Nomura Holdings Inc. bought a new stake in shares of ArcelorMittal in the 4th quarter valued at approximately $1,055,000. Finally, Mork Capital Management LLC bought a new stake in shares of ArcelorMittal in the 4th quarter valued at approximately $999,000. Institutional investors own 9.29% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on MT shares. Morgan Stanley lowered shares of ArcelorMittal from an “overweight” rating to an “equal weight” rating in a research note on Friday, February 14th. Bank of America raised shares of ArcelorMittal from a “neutral” rating to a “buy” rating and boosted their price target for the company from $30.00 to $32.90 in a report on Thursday, November 14th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $31.17.

ArcelorMittal Stock Up 2.6 %

Shares of MT traded up $0.77 during trading hours on Tuesday, reaching $30.25. The company’s stock had a trading volume of 5,659,473 shares, compared to its average volume of 1,693,666. The firm has a market cap of $24.79 billion, a price-to-earnings ratio of 18.34, a P/E/G ratio of 0.14 and a beta of 1.74. ArcelorMittal has a 1-year low of $20.52 and a 1-year high of $30.92. The company has a quick ratio of 0.59, a current ratio of 1.35 and a debt-to-equity ratio of 0.17. The company has a 50 day moving average of $25.33 and a two-hundred day moving average of $24.67.

ArcelorMittal (NYSE:MT) last issued its earnings results on Thursday, February 6th. The basic materials company reported $0.52 earnings per share for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.09). ArcelorMittal had a net margin of 2.14% and a return on equity of 4.31%. As a group, research analysts predict that ArcelorMittal will post 3.72 EPS for the current fiscal year.

About ArcelorMittal

ArcelorMittal SA, together with its subsidiaries, operates as integrated steel and mining companies in the United States, Europe, and internationally. It offers semi-finished flat products, including slabs; finished flat products comprising plates, hot- and cold-rolled coils and sheets, hot-dipped and electro-galvanized coils and sheets, tinplate, and color coated coils and sheets; semi-finished long products, such as blooms and billets; finished long products consisting of bars, wire-rods, structural sections, rails, sheet piles, and wire-products; and seamless and welded pipes and tubes.