- Perception of the company's creditworthiness is neutral but weakening
- Bearish sentiment is low
- Economic output in this company's sector is contracting
Short interest | Positive
Short interest is low for FCX with fewer than 5% of shares on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices.
ETF/Index ownership | Neutral
ETF activity is neutral. ETFs that hold FCX had net inflows of $2.35 billion over the last one-month. While these are not among the highest inflows of the last year, the rate of inflow is increasing.
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 | Neutral
The current level displays a neutral indicator with a weakening bias over the past 1-month. Although FCX credit default swap spreads are rising, indicating the market's more negative perception of the company's credit worthiness, they are still comfortably within the range of the last three years.
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