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IHS Markit Score categories are mixed for J C Penney Company Inc shares. While there was an improvement in demand for ETFs holding this stock, its creditworthiness fell.

IHS Markit

J C Penney Company Inc

NYSE:JCP

Score: Negative (5)

205 days at current score.

Downgraded from Neutral on January 19th 2017

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Summary


  • Perception of the company's creditworthiness is negative
  • Bearish sentiment is high
  • Economic output for the sector is expanding but at a slower rate


Bearish sentiment

Short interest | Negative

Short interest is extremely high for JCP with more than 20% of shares on loan. This means that investors who seek to profit from falling equity prices are currently targeting JCP.

Money flow

ETF/Index ownership | Neutral

ETF activity is neutral but appears to be improving. Investors are committing new capital to ETFs that hold JCP at an increasing rate, with the one-month net inflow having reached $394 million.

Economic sentiment

PMI by IHS Markit | Negative

According to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Consumer Services sector is rising. The rate of growth is weak relative to the trend shown over the past year, however, and is easing.

Credit worthiness

Credit default swap | Negative

The current level displays a negative indicator. JCP credit default swap spreads are rising towards their highest levels for the past 1 year, which indicates the market's more negative perception of the company's credit worthiness.

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