ArcelorMittal (NYSE:MT) Short Interest Update

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

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on MT shares. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $70.00 target price on shares of ArcelorMittal in a research report on Tuesday, July 7th. Citigroup reaffirmed a “buy” rating on shares of ArcelorMittal in a research note on Wednesday, May 20th. Weiss Ratings upgraded shares of ArcelorMittal from a “hold (c)” rating to a “buy (b-)” rating in a report on Monday, May 4th. JPMorgan Chase & Co. raised shares of ArcelorMittal from an “underweight” rating to a “neutral” rating in a research note on Friday, July 10th. Finally, Wells Fargo & Company increased their price objective on ArcelorMittal from $61.00 to $62.00 and gave the company an “equal weight” rating in a report on Thursday, July 9th. Six investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, ArcelorMittal has an average rating of “Moderate Buy” and an average target price of $68.40.

ArcelorMittal Stock Up 5.5%

ArcelorMittal stock opened at $69.29 on Friday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.54 and a current ratio of 1.39. ArcelorMittal has a 52-week low of $30.17 and a 52-week high of $72.50. The firm has a 50 day moving average price of $65.95 and a two-hundred day moving average price of $60.56. The firm has a market cap of $53.70 billion, a price-to-earnings ratio of 18.19, a PEG ratio of 0.50 and a beta of 1.55.

ArcelorMittal (NYSE:MT) last posted its quarterly earnings data on Thursday, April 30th. The basic materials company reported $0.76 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.04. ArcelorMittal had a net margin of 4.71% and a return on equity of 4.77%. The company had revenue of $15.46 billion for the quarter, compared to analyst estimates of $17.04 billion. During the same period in the prior year, the firm posted $1.05 EPS. The company’s quarterly revenue was up 4.5% on a year-over-year basis. Equities analysts predict that ArcelorMittal will post 4.89 EPS for the current year.

ArcelorMittal News Roundup

Here are the key news stories impacting ArcelorMittal this week:

• Positive Sentiment: ArcelorMittal said recently adopted trade measures are improving the outlook for its European business by helping curb imports. Management expects second-half sales to outperform the first half, offering a more constructive regional outlook. 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 second-quarter EBITDA, helped by higher steel prices. Stronger pricing in India could partially offset weakness elsewhere. AM/NS India June-quarter EBITDA rises 28.5% on higher steel prices
• Neutral Sentiment: Revenue rose 5.2% year over year to $16.76 billion, indicating continued top-line growth, but it fell short of analysts’ $17.07 billion estimate. The earnings call and results release provide additional detail on regional performance and the company’s second-half expectations. ArcelorMittal Q2 2026 Earnings Call Transcript
• Negative Sentiment: Adjusted earnings per share was $0.90, missing consensus by $0.28 and declining from $1.32 a year earlier. Net income fell 62% to $683 million, highlighting continued profitability pressure despite revenue growth. ArcelorMittal net income falls 62 percent to $683 million

Hedge Funds Weigh In On ArcelorMittal

Several hedge funds and other institutional investors have recently bought and sold shares of MT. AQR Capital Management LLC boosted its position in ArcelorMittal by 75.0% during the first quarter. AQR Capital Management LLC now owns 34,038 shares of the basic materials company’s stock valued at $982,000 after acquiring an additional 14,593 shares during the last quarter. Geneos Wealth Management Inc. raised its position in shares of ArcelorMittal by 44.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,635 shares of the basic materials company’s stock worth $47,000 after acquiring an additional 501 shares in the last quarter. Cetera Investment Advisers acquired a new position in shares of ArcelorMittal in the 2nd quarter valued at about $232,000. Russell Investments Group Ltd. boosted its position in shares of ArcelorMittal by 9.4% during the 2nd quarter. Russell Investments Group Ltd. now owns 37,029 shares of the basic materials company’s stock valued at $1,169,000 after purchasing an additional 3,171 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its holdings in ArcelorMittal by 268.6% in the second quarter. EverSource Wealth Advisors LLC now owns 2,422 shares of the basic materials company’s stock worth $76,000 after purchasing an additional 1,765 shares in the last quarter. Institutional investors and hedge funds own 9.29% of the company’s stock.

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.