Days-to-cover ratio for CLF surges to 1.87 due to rise in short interest

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Cleveland-Cliffs Inc shares valued at $822,036 were sold by Graham James D on May 23 ’25. At $6.85 per share, Graham James D sold 120,000 shares. The insider’s holdings dropped to 492,249 shares worth approximately $3.67 million following the completion of this transaction.

Also, Graham James D purchased 120,000 shares, netting a total of over 822,038 in proceeds.

Before that, BALDWIN JOHN T had added 4,000 shares to its account. In a trade valued at $34,800, the Director bought Cleveland-Cliffs Inc shares for $8.70 each. Upon closing the transaction, the insider’s holdings increased to 4,000 shares, worth approximately $0.99 million.

As published in a research note from Jefferies on May 29, 2025, Cleveland-Cliffs Inc [CLF] has been rated down from a Buy to a Hold and the price target has been revised to $6. Analysts at Goldman started covering the stock with ‘”a Buy”‘ outlook in a report released in early December. As of August 27, 2024, Seaport Research Partners has increased its “Neutral” rating to a “Buy” for CLF. Earlier on June 11, 2024, JP Morgan downgraded its rating. Their new recommendation was “a Neutral” for CLF stock which previously was a “an Overweight”.

Analyzing CLF Stock Performance

On last trading session,, Cleveland-Cliffs Inc [NYSE: CLF] rose 5.82% to $7.45. The stock’s lowest price that day was $7.11, but it reached a high of $7.57 in the same session. During the last five days, there has been a surge of approximately 1.64%. Over the course of the year, Cleveland-Cliffs Inc shares have dropped approximately -49.46%. Shares of the company reached a 52-week high of $12.26 on 02/11/25 and a 52-week low of $5.63 on 05/30/25.

Support And Resistance Levels for Cleveland-Cliffs Inc (CLF)

According to the 24-hour chart, there is a support level at 7.18, which, if violated, would cause prices to drop to 6.92. In the upper region, resistance lies at 7.64. The next price resistance is at 7.84. RSI (Relative Strength Index) is 52.24 on the 14-day chart, showing neutral technical sentiment.

Is Cleveland-Cliffs Inc subject to short interest?

Stocks of Cleveland-Cliffs Inc saw a sharp rise in short interest on 2025-06-13 jumping by 7.5 million shares to 74.82 million. Data from Yahoo Finance shows that the short interest on 2025-05-15 was 67.32 million shares. A jump of 10.03% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 1.87 of the overall float, the days-to-cover ratio (short ratio) jumped to 1.87.

Which companies own the most shares of Cleveland-Cliffs Inc (CLF)?

In terms of Cleveland-Cliffs Inc share price expectations, FactSet research, analysts set an average price target of 11 in the next 12 months, up nearly 56.25% from the previous closing price of $7.04. Analysts anticipate Cleveland-Cliffs Inc stock to reach 11 by 2025, with the lowest price target being 11. In spite of this, 15 analysts ranked Cleveland-Cliffs Inc stock as Buy at the end of 2025. On May 20, 2024, Jefferies assigned a price target of “a Buy” to the stock and initiated coverage with a $22.

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