Could ARCELORMITTAL COMMON SHARES (OTCMKTS:AMSYF) See a Reversal After More Sellers Came In?

October 2, 2018 - By Linda Rogers

ArcelorMittal (OTCMKTS:AMSYF) Logo

The stock of ARCELORMITTAL COMMON SHARES (OTCMKTS:AMSYF) registered an increase of 8.41% in short interest. AMSYF’s total short interest was 2.73M shares in October as published by FINRA. Its up 8.41% from 2.52 million shares, reported previously. With 88,600 shares average volume, it will take short sellers 31 days to cover their AMSYF’s short positions.

It closed at $31.61 lastly. It is down 0.00% since October 2, 2017 and is . It has underperformed by 15.62% 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 $31.48 billion. It operates through NAFTA, Brazil, Europe, ACIS, and Mining divisions. It has a 6.1 P/E ratio. The firm produces finished and semi-finished steel products with various specifications.

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