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See what the IHS Markit Score report has to say about Allegheny Technologies Inc.

IHS Markit

Allegheny Technologies Inc

NYSE:ATI

View full report here!

Summary

  • Perception of the company's creditworthiness is negative
  • ETFs holding this stock are seeing positive inflows but are weakening
  • Bearish sentiment is high
  • Economic output in this company's sector is expanding

Bearish sentiment

Short interest | Negative

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

Money flow

ETF/Index ownership | Negative

ETF activity is negative and may be weakening. The net inflows of $989 million over the last one-month into ETFs that hold ATI are among the lowest of the last year and appear to be slowing.

Economic sentiment

PMI by IHS Markit | Positive

According to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Basic Materials sector is rising. The rate of growth is weak relative to the trend shown over the past year, but is accelerating.

Credit worthiness

Credit default swap | Negative

The current level displays a negative indicator. ATI credit default swap spreads are near 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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