Cleveland-cliffs Inc (NYSE:CLF) Shorts Strengthened By 2.52%

Cleveland-Cliffs Inc. (NYSE:CLF) Corporate Logo

Cleveland-cliffs Inc (NYSE:CLF) registered an increase of 2.52% in short interest. FINRA published short interest of CLF’s total 56.83M shares. That’s 2.52% up from 55.43M shares. Cleveland-cliffs Inc (NYSE:CLF) has 15.93 million shares average volume. It’ll cost 4 days for CLF to restore its former position. Cleveland-cliffs Inc float short is 19.64%.

Ticker’s shares touched $9.3 during the last trading session after 5.58% change.Currently Cleveland-Cliffs Inc. is uptrending after 38.97% change in last March 23, 2018. CLF has also 9.72 million shares volume. The stock outperformed the S&P500 by 34.60%.

Cleveland-Cliffs Inc., a mining and natural resources company, produces and supplies iron ore.The company has $2.70 billion market cap. The firm operates four iron ore mines in Michigan and Minnesota; and Koolyanobbing iron ore mining complex located in Western Australia.The P/E ratio is 2.51. It sells its products to integrated steel companies and steel producers in the United States and the Asia Pacific.

Cleveland-Cliffs Inc. (NYSE:CLF) Ratings Coverage

In total 4 analysts cover Cleveland-Cliffs (NYSE:CLF). “Buy” rating has 1, “Sell” are 0, while 3 are “Hold”. (NYSE:CLF) has 25% bullish analysts. With $15 highest and $8.5 lowest target price, Cleveland-Cliffs has $11.17 average target price or 20.11% above the current ($9.3) price. 6 are the (NYSE:CLF)’s ratings reports on Mar 23, 2019 according to StockzIntelligence Inc. On Friday, October 5 Citigroup maintained the shares of CLF in report with “Buy” rating. On Monday, December 3 Citigroup maintained the shares of CLF in report with “Buy” rating. On Monday, October 15 Credit Suisse downgraded Cleveland-Cliffs Inc. (NYSE:CLF) to “Neutral” rating. On Tuesday, March 5 the stock has “Hold” rating by Morgan Stanley.

More recent Cleveland-Cliffs Inc. (NYSE:CLF) news were published by Forbes.com, 247Wallst.com and Investorplace.com. The first one has “Is Cleveland-Cliffs Fairly Valued? – Forbes” as a title and was published on March 14, 2019. The next is “Jefferies Says Higher Prices Make Top Steel Plays Solid Buys Now – 24/7 Wall St.” on March 01, 2019. And last was published on March 15, 2019, called “7 Small-Cap Stocks That Make the Grade – Investorplace.com”.

Cleveland-Cliffs Inc. (NYSE:CLF) Analyst Ratings Chart

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