ArcelorMittal S.A. (NYSE:MT) Short Interest Down 21.5% in February

ArcelorMittal S.A. (NYSE:MT - Get Free Report) was the recipient of a large decline in short interest in February. As of February 28th, there was short interest totalling 4,460,000 shares, a decline of 21.5% from the February 13th total of 5,680,000 shares. Approximately 0.6% of the shares of the company are short sold. Based on an average daily volume of 2,230,000 shares, the days-to-cover ratio is currently 2.0 days.

ArcelorMittal Price Performance

Shares of NYSE:MT traded down $0.38 during midday trading on Friday, reaching $31.63. 1,080,428 shares of the company's stock traded hands, compared to its average volume of 1,782,395. The company has a fifty day simple moving average of $27.65 and a two-hundred day simple moving average of $25.40. ArcelorMittal has a 1 year low of $20.52 and a 1 year high of $34.90. The company has a market cap of $25.91 billion, a P/E ratio of 19.17, a PEG ratio of 0.14 and a beta of 1.79. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.59 and a current ratio of 1.35.

ArcelorMittal (NYSE:MT - Get Free Report) last announced its earnings results on Thursday, February 6th. The basic materials company reported $0.52 earnings per share (EPS) 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 4.31%. Equities analysts predict that ArcelorMittal will post 3.72 EPS for the current fiscal year.

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ArcelorMittal Announces Dividend

The company also recently declared a semi-annual dividend, which will be paid on Wednesday, December 3rd. Investors of record on Thursday, November 13th will be given a dividend of $0.275 per share. This represents a dividend yield of 1.5%. The ex-dividend date of this dividend is Wednesday, November 12th. ArcelorMittal's payout ratio is 25.45%.

Wall Street Analyst Weigh In

Separately, Morgan Stanley lowered shares of ArcelorMittal from an "overweight" rating to an "equal weight" rating in a research report on Friday, February 14th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, ArcelorMittal currently has a consensus rating of "Moderate Buy" and a consensus price target of $31.17.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its position in shares of ArcelorMittal by 68.5% in the fourth quarter. GAMMA Investing LLC now owns 1,464 shares of the basic materials company's stock valued at $34,000 after purchasing an additional 595 shares in the last quarter. Oppenheimer Asset Management Inc. raised its holdings in shares of ArcelorMittal by 154.7% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 57,106 shares of the basic materials company's stock worth $1,500,000 after acquiring an additional 34,688 shares during the period. Natixis Advisors LLC boosted its position in shares of ArcelorMittal by 171.4% during the 3rd quarter. Natixis Advisors LLC now owns 130,100 shares of the basic materials company's stock valued at $3,416,000 after acquiring an additional 82,164 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of ArcelorMittal by 221.3% in the fourth quarter. Bank of New York Mellon Corp now owns 3,403,048 shares of the basic materials company's stock valued at $78,712,000 after purchasing an additional 2,344,020 shares during the period. Finally, Callan Family Office LLC acquired a new stake in ArcelorMittal during the fourth quarter worth about $207,000. Hedge funds and other institutional investors own 9.29% of the company's stock.

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.