Score: Positive (81)
1 day at current score.
Upgraded from Negative on January 18th 2018
- This company ranked positively compared to the Basic Materials sector despite only 2 positive IHS Markit Categories
- ETFs holding this stock are seeing positive inflows
- Bearish sentiment is low and declining
Short interest | Positive
Short interest is low for MELI with fewer than 5% of shares on loan. Additionally, this was an improvement in sentiment as investors who seek to profit from falling equity prices reduced their short positions on January 16.
ETF/Index ownership | Positive
ETF activity is positive. Over the last month, ETFs holding MELI are favorable, with net inflows of $2.54 billion. Additionally, the rate of inflows is increasing.
PMI by IHS Markit | Neutral
According to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Basic Materials sector is rising. The rate of growth is very strong relative to the trend shown over the past year, and is accelerating. However, the rate of expansion may not be sustainable over the coming months.
Credit default swap
CDS data is not available for this security.
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