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

IHS Markit

Fitbit Inc

NYSE:FIT

Score: Neutral (40)

7 days at current score.

Downgraded from Positive on July 3rd 2018

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Summary


  • This company ranked neutral in 3 IHS Markit Categories and the Consumer Goods sector
  • Bearish sentiment is moderate and increasing


Bearish sentiment

Short interest | Neutral

Short interest is moderate for FIT with between 5 and 10% of shares outstanding currently on loan. This represents an increase in short interest as investors who seek to profit from falling equity prices added to their short positions on July 5.

Money flow

ETF/Index ownership | Neutral

ETF activity is neutral. The net inflows of $3.95 billion over the last one-month into ETFs that hold FIT are not among the highest of the last year and have been slowing.

Economic sentiment

PMI by IHS Markit | Neutral

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.

Credit worthiness

Credit default swap

CDS data is not available for this security.

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