What’s Next for ARCELORMITTAL COMMON SHARES (OTCMKTS:AMSYF) After Having More Shares Shorted?

May 16, 2018 - By Elnora Patterson

ArcelorMittal (OTCMKTS:AMSYF) Logo

The stock of ARCELORMITTAL COMMON SHARES (OTCMKTS:AMSYF) registered an increase of 12.43% in short interest. AMSYF’s total short interest was 5.18 million shares in May as published by FINRA. Its up 12.43% from 4.61M shares, reported previously. With 43,800 shares average volume, it will take short sellers 118 days to cover their AMSYF’s short positions. The short interest to ARCELORMITTAL COMMON SHARES’s float is 0.81%.

It closed at $35.35 lastly. It is down 0.00% since May 16, 2017 and is . It has underperformed by 11.55% the S&P500.

ArcelorMittal, together with its subsidiaries, owns and operates steel manufacturing and mining facilities in Europe, North and South America, Asia, and Africa. The company has market cap of $. It operates through NAFTA, Brazil, Europe, ACIS, and Mining divisions. It has a 7.93 P/E ratio. The firm produces finished and semi-finished steel products with various specifications.

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