Cleveland-Cliffs CLF
$
Relative Strength Index (RSI)
- The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. It is typically used to identify overbought or oversold conditions in financial markets.
- The RSI is calculated using the following formula:
RSI = 100 - (100 / (1 + RS))
Where RS is the ratio of the average gains to the average losses over a specified period.
- The default time period used is 14 days.
- RSI values range between 0 and 100.
RSI values above 70 are considered overbought (indicating a potentially opportune time to sell)
RSI values below 30 are considered oversold (indicating a potentially opportune time to buy)
RSI is not a perfect indicator and should be used in conjunction with other technical analysis tools, this is for informational purposes only and is not a substitute for professional financial advice.
About
Cleveland-Cliffs (CLF) Business Model and Operations Summary
Cleveland-Cliffs Inc is a flat-rolled steel producer and manufacturer of iron ore pellets in North America. It is organized into four operating segments based on differentiated products, Steelmaking, Tubular, Tooling and Stamping and European Operations, but operates through one reportable segment -Steelmaking. It is vertically integrated from mined raw materials, direct reduced iron, and ferrous scrap to primary steelmaking and downstream finishing, stamping, tooling and tubing. It serves a diverse range of other markets due to its comprehensive offering of flat-rolled steel products. Geographically, it operates in the United States, Canada and other countries. The majority of revenue is from the United States. It is a supplier of steel to the automotive industry in North America.
Key Insights
Cleveland-Cliffs (CLF) Core Market Data and Business Metrics
Market Cap
$3.59 BillionTotal Outstanding Shares
494.48 Million SharesTotal Employees
30,000Dividend
$0.06 Per Share QuarterlyIPO Date
July 2, 1985SIC Description
Metal MiningPrimary Exchange
New York Stock ExchangeHeadquarters
200 Public Square, Cleveland, OH, 44114-2315
Historical Stock Splits
If you bought 1 share of CLF before January 3, 2005, you'd have 8 shares today.
| Execution Date | Split Amount |
|---|---|
| May 16, 2008 | 2-for-1 |
| July 3, 2006 | 2-for-1 |
| January 3, 2005 | 2-for-1 |
Short Interest
Short Interest
This information is bi-monthly aggregated short interest data reported to the Financial Industry Regulatory Authority (FINRA) by broker-dealers.
Short Interest: The total number of shares that have been sold short but have not yet been covered or closed out.
Bi-Weekly Change (%): The percentage change in short interest from the previous bi-weekly period.
Settlement Date: The date on which the short interest data is considered settled, typically based on exchange reporting schedules.
Days to Cover: The estimated number of days it would take to cover all short positions based on average trading volume.
Track Short Interest Levels to Gauge Bearish Market Sentiment and Short Squeeze Potential
| Short Interest | Bi-Weekly Change (%) | Settlement Date | Days to Cover |
|---|---|---|---|
| 58,280,884 Shares | +7.45% | 3/14/2025 | 2.29 |
| 54,239,485 Shares | +10.56% | 2/28/2025 | 2.92 |
| 49,056,711 Shares | +16.31% | 2/14/2025 | 2.1 |
| 42,177,662 Shares | -8.18% | 1/31/2025 | 4.14 |
| 45,936,700 Shares | +8.69% | 1/15/2025 | 2.88 |
| 42,262,560 Shares | -22.16% | 12/31/2024 | 2.47 |
Cash Flow Statement
January 1, 2024 to December 31, 2024
| Metric | Value |
|---|---|
| Net Cash Flow From Investing Activities, Continuing | $-3.21 Billion |
| Net Cash Flow From Financing Activities, Continuing | $2.97 Billion |
| Net Cash Flow From Investing Activities | $-3.21 Billion |
| Net Cash Flow | $-138 Million |
| Net Cash Flow From Financing Activities | $2.97 Billion |
| Net Cash Flow From Operating Activities, Continuing | $105 Million |
Income Statement
January 1, 2024 to December 31, 2024
| Metric | Value |
|---|---|
| Diluted Earnings Per Share | $-1.57 |
| Revenues | $19.18 Billion |
| Basic Average Shares | $480 Million |
| Net Income/Loss Available To Common Stockholders, Basic | $-754 Million |
| Income/Loss From Continuing Operations After Tax | $-708 Million |
| Income Tax Expense/Benefit | $-235 Million |
Comprehensive Income
January 1, 2024 to December 31, 2024
| Metric | Value |
|---|---|
| Comprehensive Income/Loss | $-828 Million |
| Comprehensive Income/Loss Attributable To Parent | $-874 Million |
| Comprehensive Income/Loss Attributable To Noncontrolling Interest | $46 Million |
| Other Comprehensive Income/Loss | $-120 Million |
Balance Sheet
January 1, 2024 to December 31, 2024
| Metric | Value |
|---|---|
| Assets | $20.95 Billion |
| Wages | $447 Million |
| Intangible Assets | $1.17 Billion |
| Long-term Debt | $7.07 Billion |
| Accounts Payable | $2.01 Billion |
| Equity | $6.90 Billion |
Historical Dividends
Current dividend: $0.06 Per Share Quarterly
| Announcement Date | Payment Date | Record Date | Amount | Frequency |
|---|---|---|---|---|
| Feb 18, 2020 | Apr 15, 2020 | Apr 3, 2020 | $0.06 | Quarterly |
| Dec 2, 2019 | Jan 15, 2020 | Jan 3, 2020 | $0.06 | Quarterly |
| Sep 3, 2019 | Oct 15, 2019 | Oct 4, 2019 | $0.06 | Quarterly |
| May 31, 2019 | Jul 15, 2019 | Jul 5, 2019 | $0.06 | Quarterly |
| Feb 20, 2019 | Apr 15, 2019 | Apr 5, 2019 | $0.05 | Quarterly |
| Oct 18, 2018 | Jan 15, 2019 | Jan 4, 2019 | $0.05 | Quarterly |