ArcelorMittal (NYSE:MT) Short Interest Down 33.5% in July

ArcelorMittal (NYSE:MT) saw a large decrease in short interest in July. As of July 15th, there was short interest totaling 2,316,809 shares, a decrease of 33.5% from the June 30th total of 3,483,372 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average daily volume of 1,941,141 shares, the days-to-cover ratio is currently 1.2 days.

Institutional Investors Weigh In On ArcelorMittal

A number of institutional investors have recently modified their holdings of the company. GK Wealth Management LLC acquired a new stake in shares of ArcelorMittal during the second quarter worth $408,000. GAMMA Investing LLC boosted its position in ArcelorMittal by 15.5% during the second quarter. GAMMA Investing LLC now owns 4,333 shares of the basic materials company’s stock valued at $261,000 after acquiring an additional 581 shares during the last quarter. Moody National Bank Trust Division acquired a new stake in ArcelorMittal during the 2nd quarter worth about $205,000. Versant Capital Management Inc grew its holdings in ArcelorMittal by 12.9% during the 2nd quarter. Versant Capital Management Inc now owns 9,513 shares of the basic materials company’s stock worth $573,000 after acquiring an additional 1,084 shares during the period. Finally, NewEdge Advisors LLC raised its position in shares of ArcelorMittal by 67.5% in the 1st quarter. NewEdge Advisors LLC now owns 21,359 shares of the basic materials company’s stock worth $1,110,000 after acquiring an additional 8,607 shares in the last quarter. 9.29% of the stock is owned by institutional investors.

ArcelorMittal Trading Up 1.1%

MT traded up $0.74 during midday trading on Friday, hitting $70.08. 1,351,906 shares of the company were exchanged, compared to its average volume of 1,648,958. The firm has a market capitalization of $54.32 billion, a P/E ratio of 29.70, a P/E/G ratio of 0.53 and a beta of 1.55. ArcelorMittal has a 1-year low of $30.17 and a 1-year high of $72.50. The firm’s 50 day moving average price is $66.03 and its 200-day moving average price is $60.63. The company has a quick ratio of 0.54, a current ratio of 1.39 and a debt-to-equity ratio of 0.19.

ArcelorMittal (NYSE:MT) last issued its quarterly earnings data on Thursday, April 30th. The basic materials company reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.04. The company had revenue of $15.46 billion during the quarter, compared to the consensus estimate of $17.04 billion. ArcelorMittal had a return on equity of 4.20% and a net margin of 2.88%.The firm’s revenue was up 4.5% compared to the same quarter last year. During the same period last year, the company earned $1.05 earnings per share. As a group, equities analysts forecast that ArcelorMittal will post 4.89 EPS for the current fiscal year.

Key Headlines Impacting ArcelorMittal

Here are the key news stories impacting ArcelorMittal this week:

• Positive Sentiment: Management said supportive trade measures aimed at curbing steel imports have improved the outlook for its European business. ArcelorMittal expects second-half sales to outperform the first half, providing a potential catalyst for future earnings. ArcelorMittal Posts Fall in Net Profit But Sees Improved Outlook for European Business
• Positive Sentiment: AM/NS India, ArcelorMittal’s Indian joint venture, reported a 28.5% increase in quarterly EBITDA, helped by higher steel prices. This indicates comparatively strong performance in the Indian business. AM/NS India June-quarter EBITDA rises 28.5% on higher steel prices
• Neutral Sentiment: Wells Fargo raised its price target for MT from $62 to $69 but retained an “equal weight” rating. The new target remains modestly below the recent trading level, signaling limited near-term upside in the analyst’s view. Wells Fargo ArcelorMittal price-target update
• Neutral Sentiment: ArcelorMittal published its 2026 half-year report, giving investors access to detailed financial, operating and regulatory information for the six months ended June 30. ArcelorMittal publishes its 2026 half-year report
• Negative Sentiment: Second-quarter net income fell 62% year over year to $683 million. Adjusted EPS of $0.90 missed the $1.18 consensus estimate, while revenue of $16.76 billion was below expectations of $17.07 billion. EPS also declined from $1.32 in the prior-year quarter, highlighting pressure on profitability despite revenue growth. ArcelorMittal reports second quarter 2026 results

Analyst Ratings Changes

MT has been the subject of a number of recent analyst reports. Weiss Ratings raised shares of ArcelorMittal from a “hold (c)” rating to a “buy (b-)” rating in a report on Monday, May 4th. Citigroup reissued a “buy” rating on shares of ArcelorMittal in a report on Wednesday, May 20th. Jefferies Financial Group reissued a “buy” rating on shares of ArcelorMittal in a research note on Monday, July 6th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $75.00 target price on shares of ArcelorMittal in a report on Friday. Finally, JPMorgan Chase & Co. raised ArcelorMittal from an “underweight” rating to a “neutral” rating in a research note on Friday, July 10th. Six investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, ArcelorMittal currently has an average rating of “Moderate Buy” and a consensus price target of $72.40.

ArcelorMittal Company Profile

ArcelorMittal is a multinational steel manufacturing company formed in 2006 through the merger of Arcelor and Mittal Steel. Headquartered in Luxembourg, the company is one of the world’s largest producers of steel and operates an integrated value chain that spans raw material extraction, steelmaking, processing and distribution. Its product portfolio includes flat and long carbon steel products, coated and specialty steels, tubular products and value-added solutions tailored for sectors such as automotive, construction, household appliances, energy and packaging.

ArcelorMittal’s operations are global in scope, with production facilities, distribution networks and commercial activities across Europe, the Americas, Asia, Africa and the Commonwealth of Independent States.