Frontier Communications Corp
- Perception of the company's creditworthiness is negative and weakening
- ETFs holding this stock have seen outflows over the last one-month
- Bearish sentiment is high
- Economic output for the sector is expanding but at a slower rate
Short interest | Negative
Short interest is extremely high for FTR with more than 20% of shares on loan. This means that investors who seek to profit from falling equity prices are currently targeting FTR.
ETF/Index ownership | Negative
ETF activity is negative. Over the last one-month, outflows of investor capital in ETFs holding FTR totaled $6.83 billion. Additionally, the rate of outflows appears to be accelerating.
PMI by IHS Markit | Negative
According to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Telecommunications Services sector is rising. The rate of growth is weak relative to the trend shown over the past year, however, and is easing.
Credit default swap | Negative
The current level displays a negative indicator with a weakening bias over the past 1-month. FTR credit default swap spreads are rising towards their highest levels for the past 1 year, which indicates the market's more negative perception of the company's credit worthiness.
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