Commercial Metals Co
- Perception of the company's creditworthiness is negative
- Bearish sentiment is moderate and increasing
- Economic output in this company's sector is contracting
Short interest | Neutral
Short interest is moderate for CMC 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 January 14.
ETF/Index ownership | Neutral
ETF activity is neutral. The net inflows of $4.46 billion over the last one-month into ETFs that hold CMC are among the highest of the last year, but the rate of growth is slowing.
PMI by IHS Markit | Negative
According to the latest IHS Markit Purchasing Managersâ€™ Index (PMI) data, output in the Basic Materialsis falling. The rate of decline is significant relative to the trend shown over the past year.
Credit default swap | Negative
The current level displays a negative indicator. CMC 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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