Score: Negative (9)
12 days at current score.
Downgraded from Neutral on September 28th 2017
- This company ranked negatively compared to the Financials sector despite 2 positive IHS Markit Categories
- Perception of the company's creditworthiness is negative and weakening
- ETFs holding this stock are seeing positive inflows
- Bearish sentiment is moderate and declining
- Economic output in this company's sector is expanding
Short interest | Neutral
Short interest is moderately high for MBI with between 10 and 15% 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 October 5.
ETF/Index ownership | Positive
ETF activity is positive. Over the last month, ETFs holding MBI are favorable, with net inflows of $3.16 billion. Additionally, the rate of inflows is increasing.
PMI by IHS Markit | Positive
According to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Financials sector is rising. The rate of growth is strong relative to the trend shown over the past year.
Credit default swap | Negative
The current level displays a negative indicator with a weakening bias over the past 1-month. MBI credit default swap spreads are at 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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