Cooper Tire & Rubber Co
Score: Negative (2)
112 days at current score.
Downgraded from Neutral on April 6th 2018
- Perception of the company's creditworthiness is negative
- Bearish sentiment is high
- Economic output for the sector is expanding but at a slower rate
Short interest | Negative
Short interest is extremely high for CTB with more than 20% of shares on loan. This means that investors who seek to profit from falling equity prices are currently targeting CTB.
ETF/Index ownership | Neutral
ETF activity is neutral. The net inflows of $2.34 billion over the last one-month into ETFs that hold CTB 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 | Negative
The current level displays a negative indicator. CTB 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.
Please send all inquiries related to the report to email@example.com.
Charts and report PDFs will only be available for 30 days after publishing.
This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.