- Perception of the company's creditworthiness is neutral but improving
- ETFs holding this stock have seen outflows over the last one-month
- Bearish sentiment is moderate and declining
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 January 30.
ETF/Index ownership | Negative
ETF activity is negative. Over the last one-month, outflows of investor capital in ETFs holding MBI totaled $2.18 billion. Additionally, the rate of outflows appears to be accelerating.
PMI by IHS Markit | Neutral
According to the latest IHS Markit Purchasing Managersâ€™ Index (PMI) data, output in the Financialsis falling. The rate of decline is very significant relative to the trend shown over the past year. The rate of contraction may ease in the coming months, however.
Credit default swap | Neutral
The current level displays a neutral indicator with a strengthening bias over the past 1-month. MBI credit default swap spreads are decreasing, indicating some improvement in the market's perception of the company's credit worthiness. Additionally, they are within the middle of the range set over the last three years.
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