What’s Ahead for Mechel Pao (NYSE:MTL) After More Shorted Shares?

February 16, 2018 - By Clifton Ray

 What’s Ahead for Mechel Pao (NYSE:MTL) After More Shorted Shares?

The stock of Mechel Pao (NYSE:MTL) registered an increase of 18.57% in short interest. MTL’s total short interest was 219,600 shares in February as published by FINRA. Its up 18.57% from 185,200 shares, reported previously. With 99,000 shares average volume, it will take short sellers 2 days to cover their MTL’s short positions.

The stock decreased 0.97% or $0.05 during the last trading session, reaching $5.1. About 59,759 shares traded. Mechel PAO (NYSE:MTL) has risen 184.53% since February 16, 2017 and is uptrending. It has outperformed by 167.83% the S&P500.

Mechel PAO, together with its subsidiaries, engages in mining, steel, and power businesses in Russia, Asia, Europe, the Commonwealth of Independent States, the Middle East, the United States, and internationally. The company has market cap of $1.06 billion. The Company’s Mining segment produces and sells coking, metallurgical, and steam coal; coke; chemical products, including coal tar, naphthalene, and other compounds; and iron ore concentrates. It has a 4.62 P/E ratio. The companyÂ’s Steel segment produces and sells semi-finished steel products, carbon and specialty long products, and carbon and stainless flat products, as well as value-added downstream metal products, including forgings, stampings, hardware, rails, balks, and ferrosilicon.

Mechel PAO (NYSE:MTL) Ratings Coverage

Among 2 analysts covering Mullen Group (NYSE:MTL), 1 have Buy rating, 1 Sell and 0 Hold. Therefore 50% are positive. Mullen Group had 2 analyst reports since June 27, 2016 according to SRatingsIntel. The company was reinitiated on Monday, June 27 by Summit Redstone Partners. On Tuesday, November 29 the stock rating was downgraded by Deutsche Bank to “Sell”.

More notable recent Mechel PAO (NYSE:MTL) news were published by: Globenewswire.com which released: “Mechel Reports Izhstal Getting Export Loan From Eximbank of Russia” on December 21, 2017, also Globenewswire.com with their article: “Mechel Reports Reversal of Court Decision” published on November 22, 2017, Benzinga.com published: “32 Stocks Moving In Monday’s Mid-Day Session” on February 12, 2018. More interesting news about Mechel PAO (NYSE:MTL) were released by: Globenewswire.com and their article: “Mechel Reports Change in Management” published on December 29, 2017 as well as Benzinga.com‘s news article titled: “25 Stocks Moving In Monday’s Pre-Market Session” with publication date: February 12, 2018.

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