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

ArcelorMittal S.A. (NYSE:MT - Get Free Report) was the target of a significant drop in short interest in January. As of January 31st, there was short interest totalling 4,110,000 shares, a drop of 25.0% from the January 15th total of 5,480,000 shares. Based on an average daily trading volume, of 1,780,000 shares, the days-to-cover ratio is currently 2.3 days. Approximately 0.5% of the company's stock are short sold.

Institutional Investors Weigh In On ArcelorMittal

Hedge funds have recently bought and sold shares of the stock. Vise Technologies Inc. bought a new position in shares of ArcelorMittal during the fourth quarter worth approximately $217,000. Polar Asset Management Partners Inc. acquired a new position in ArcelorMittal in the 4th quarter valued at $2,521,000. Quantinno Capital Management LP increased its position in ArcelorMittal by 26.5% during the 4th quarter. Quantinno Capital Management LP now owns 144,604 shares of the basic materials company's stock worth $3,345,000 after buying an additional 30,280 shares during the period. Nomura Holdings Inc. acquired a new stake in shares of ArcelorMittal during the fourth quarter worth $1,055,000. Finally, Mork Capital Management LLC acquired a new stake in shares of ArcelorMittal during the fourth quarter worth $999,000. 9.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

MT has been the topic of several analyst reports. Bank of America raised shares of ArcelorMittal from a "neutral" rating to a "buy" rating and upped their price target for the stock from $30.00 to $32.90 in a research report on Thursday, November 14th. Morgan Stanley cut shares of ArcelorMittal from an "overweight" rating to an "equal weight" rating in a report on Friday. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, ArcelorMittal currently has a consensus rating of "Hold" and a consensus target price of $31.17.

ArcelorMittal Stock Performance

MT traded up $0.31 during trading hours on Tuesday, reaching $28.88. The company's stock had a trading volume of 1,776,889 shares, compared to its average volume of 2,208,664. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.59 and a current ratio of 1.46. The company's 50-day moving average is $24.39 and its 200-day moving average is $24.14. ArcelorMittal has a 52 week low of $20.52 and a 52 week high of $29.38. The firm has a market cap of $23.66 billion, a PE ratio of 17.50, a price-to-earnings-growth ratio of 0.56 and a beta of 1.74.

ArcelorMittal (NYSE:MT - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The basic materials company reported $0.52 earnings per share for the quarter, missing the consensus estimate of $0.61 by ($0.09). ArcelorMittal had a net margin of 2.14% and a return on equity of 4.24%. On average, equities analysts forecast that ArcelorMittal will post 3.6 EPS for the current year.

ArcelorMittal Company Profile

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.