ArcelorMittal (NYSE:MT) Shares Shorted: Short Interest Down 44.0% in September

Posted by Stanley Muller on Oct 17th, 2026

ArcelorMittal (NYSE:MT – Get Free Report) was the target of a significant decrease in short interest in the month of September. As of September 30th, there was short interest totaling 931,170 shares, a decrease of 44.0% from the September 15th total of 1,663,191 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average trading volume of 1,223,024 shares, the days-to-cover ratio is presently 0.8 days.

Hedge Funds Weigh In On ArcelorMittal

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Moody National Bank Trust Division lifted its holdings in shares of ArcelorMittal by 5.7% in the 3rd quarter. Moody National Bank Trust Division now owns 3,606 shares of the basic materials company’s stock valued at $241,000 after buying an additional 195 shares during the period. Aaron Wealth Advisors LLC raised its position in ArcelorMittal by 4.9% in the first quarter. Aaron Wealth Advisors LLC now owns 5,671 shares of the basic materials company’s stock worth $295,000 after acquiring an additional 263 shares in the last quarter. Versant Capital Management Inc lifted its holdings in ArcelorMittal by 3.1% in the third quarter. Versant Capital Management Inc now owns 9,811 shares of the basic materials company’s stock valued at $654,000 after acquiring an additional 298 shares during the period. Farther Finance Advisors LLC lifted its holdings in ArcelorMittal by 10.6% in the third quarter. Farther Finance Advisors LLC now owns 3,949 shares of the basic materials company’s stock valued at $264,000 after acquiring an additional 380 shares during the period. Finally, GC Wealth Management RIA LLC boosted its position in shares of ArcelorMittal by 4.2% during the 1st quarter. GC Wealth Management RIA LLC now owns 10,186 shares of the basic materials company’s stock worth $529,000 after purchasing an additional 413 shares in the last quarter. Institutional investors and hedge funds own 9.29% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on MT. Weiss Ratings upgraded shares of ArcelorMittal from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday. Jefferies Financial Group reiterated a “buy” rating on shares of ArcelorMittal in a research report on Wednesday, September 23rd. JPMorgan Chase & Co. upgraded shares of ArcelorMittal from a “neutral” rating to an “overweight” rating in a research note on Thursday. Wells Fargo & Company lowered their price objective on shares of ArcelorMittal from $69.00 to $64.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 6th. Finally, Citigroup restated a “buy” rating on shares of ArcelorMittal in a research note on Tuesday, August 4th. Eight analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $74.55.

Check Out Our Latest Stock Report on ArcelorMittal

ArcelorMittal Stock Performance

MT traded down $0.62 during trading on Friday, hitting $62.98. The stock had a trading volume of 653,318 shares, compared to its average volume of 1,406,862. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.57 and a current ratio of 1.43. The firm has a market capitalization of $48.81 billion, a P/E ratio of 26.69, a PEG ratio of 0.53 and a beta of 1.54. The company’s 50-day moving average price is $71.12 and its 200 day moving average price is $66.34. ArcelorMittal has a twelve month low of $36.70 and a twelve month high of $79.68.

ArcelorMittal (NYSE:MT – Get Free Report) last released its earnings results on Thursday, July 30th. The basic materials company reported $0.90 EPS for the quarter, missing the consensus estimate of $1.18 by ($0.28). The firm had revenue of $16.76 billion during the quarter, compared to analyst estimates of $17.56 billion. ArcelorMittal had a return on equity of 4.20% and a net margin of 2.88%. The firm’s revenue was up 5.2% on a year-over-year basis. During the same quarter last year, the business posted $1.32 EPS. On average, equities research analysts forecast that ArcelorMittal will post 4.03 EPS for the current fiscal year.

About ArcelorMittal

(Get Free Report)

ArcelorMittal is a global steel and mining company headquartered in Luxembourg. The company produces a broad range of steel products, including flat steel, long steel, tubular products and specialty grades used in automotive manufacturing, construction, appliances, energy, packaging and other industrial applications.

Its operations span major steel-producing and consuming regions, including Europe, North and South America, and Africa. In addition to steelmaking and processing, ArcelorMittal owns and operates mining assets that supply iron ore for its production activities.