Redwood Trust, Inc. (RWT) Forms $15.16 Double Bottom; Arcelormittal SA Luxembourg (MT) Shorts Raised By 5.08%

Arcelormittal SA Luxembourg (NYSE:MT) had an increase of 5.08% in short interest. MT’s SI was 9.10M shares in January as released by FINRA. Its up 5.08% from 8.66 million shares previously. With 3.15M avg volume, 3 days are for Arcelormittal SA Luxembourg (NYSE:MT)’s short sellers to cover MT’s short positions. The stock increased 0.79% or $0.29 during the last trading session, reaching $37.16. About 2.47 million shares traded. ArcelorMittal (NYSE:MT) has risen 67.93% since January 14, 2017 and is uptrending. It has outperformed by 51.23% the S&P500.

Redwood Trust, Inc. (RWT) formed double bottom with $14.71 target or 3.00% below today’s $15.16 share price. Redwood Trust, Inc. (RWT) has $1.17B valuation. The stock increased 0.53% or $0.08 during the last trading session, reaching $15.16. About 589,042 shares traded or 41.46% up from the average. Redwood Trust, Inc. (NYSE:RWT) has risen 20.96% since January 14, 2017 and is uptrending. It has outperformed by 4.26% the S&P500.

Analysts await Redwood Trust, Inc. (NYSE:RWT) to report earnings on February, 22. They expect $0.34 earnings per share, up 3.03% or $0.01 from last year’s $0.33 per share. RWT’s profit will be $26.22M for 11.15 P/E if the $0.34 EPS becomes a reality. After $0.35 actual earnings per share reported by Redwood Trust, Inc. for the previous quarter, Wall Street now forecasts -2.86% negative EPS growth.

Among 6 analysts covering Redwood Trust (NYSE:RWT), 4 have Buy rating, 0 Sell and 2 Hold. Therefore 67% are positive. Redwood Trust has $20 highest and $14.50 lowest target. $17.08’s average target is 12.66% above currents $15.16 stock price. Redwood Trust had 12 analyst reports since August 10, 2015 according to SRatingsIntel. Deutsche Bank maintained the shares of RWT in report on Monday, March 14 with “Buy” rating. As per Tuesday, July 19, the company rating was downgraded by Wood. Nomura upgraded the stock to “Buy” rating in Wednesday, May 18 report. The company was upgraded on Friday, December 8 by Wood. The company was maintained on Wednesday, November 8 by Deutsche Bank. As per Monday, November 16, the company rating was maintained by Maxim Group. The rating was maintained by Keefe Bruyette & Woods on Wednesday, June 28 with “Hold”. As per Tuesday, November 24, the company rating was downgraded by Nomura.

Investors sentiment decreased to 0.95 in Q3 2017. Its down 0.10, from 1.05 in 2017Q2. It worsened, as 11 investors sold Redwood Trust, Inc. shares while 47 reduced holdings. 17 funds opened positions while 38 raised stakes. 63.50 million shares or 0.32% more from 63.30 million shares in 2017Q2 were reported. World holds 0.03% of its portfolio in Redwood Trust, Inc. (NYSE:RWT) for 8.01 million shares. Putnam Invests Ltd accumulated 0% or 115,190 shares. Winslow Evans And Crocker stated it has 0.03% in Redwood Trust, Inc. (NYSE:RWT). Tiaa Cref Mgmt Ltd Co owns 252,425 shares. Royal Bancorp Of Canada has 12,085 shares for 0% of their portfolio. James Rech, a Ohio-based fund reported 1,280 shares. Hilton Capital Management Ltd owns 1.02M shares. Private Management Grp Incorporated stated it has 0.96% in Redwood Trust, Inc. (NYSE:RWT). Kempen Capital Mngmt Nv accumulated 717,334 shares. Farmers And Merchants Invs invested 0.21% in Redwood Trust, Inc. (NYSE:RWT). Rmb Capital Mgmt Ltd has 617,191 shares. Principal Fincl Grp holds 0% in Redwood Trust, Inc. (NYSE:RWT) or 73,000 shares. Mcf Advisors Ltd Llc reported 93 shares. Renaissance Llc holds 0.03% of its portfolio in Redwood Trust, Inc. (NYSE:RWT) for 1.48M shares. Bluecrest Capital Management Limited holds 13,362 shares.

ArcelorMittal, together with its subsidiaries, owns and operates steel manufacturing and mining facilities. The company has market cap of $36.76 billion. The firm operates through five divisions: NAFTA, Brazil, Europe, ACIS, and Mining. It has a 9.68 P/E ratio. It produces finished and semi-finished steel products with various specifications.