Newell Brands Inc
- Perception of the company's creditworthiness is neutral
- Bearish sentiment is moderate and declining
- Economic output for the sector is expanding but at a slower rate
Short interest | Positive
Short interest is moderate for NWL with between 5 and 10% of shares outstanding currently on loan. However, this was an improvement in sentiment as investors who seek to profit from falling equity prices reduced their short positions on June 26.
ETF/Index ownership | Neutral
ETF activity is neutral. The net inflows of $6.60 billion over the last one-month into ETFs that hold NWL are not among the highest of the last year and have been slowing.
PMI by IHS Markit | Negative
According to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Consumer Goods sector is rising. The rate of growth is weak relative to the trend shown over the past year, however, and is easing.
Credit default swap | Neutral
The current level displays a neutral indicator. Although NWL credit default swap spreads are decreasing, they remain near their highest levels of the last 3 years, which indicates the market's more negative perception of the company's credit worthiness.
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