Stellantis (NYSE:STLA) Short Interest Update

Stellantis (NYSE:STLA) saw a large drop in short interest in the month of November. As of November 30th, there was short interest totalling 15,660,000 shares, a drop of 18.3% from the November 15th total of 19,160,000 shares. Based on an average daily volume of 9,640,000 shares, the days-to-cover ratio is presently 1.6 days. Currently, 0.8% of the shares of the company are sold short.

Wall Street Analysts Forecast Growth

STLA has been the subject of several research reports. Royal Bank of Canada reiterated a “sector perform” rating on shares of Stellantis in a research report on Friday, October 4th. Evercore ISI initiated coverage on shares of Stellantis in a report on Monday, November 11th. They issued an “inline” rating on the stock. Wolfe Research reiterated a “peer perform” rating on shares of Stellantis in a report on Thursday, September 5th. Finally, Barclays lowered shares of Stellantis from an “overweight” rating to an “equal weight” rating in a report on Thursday, October 3rd. Eight equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $27.34.

Stellantis Stock Up 1.8 %

Shares of NYSE:STLA traded up $0.24 during trading hours on Friday, reaching $13.95. The stock had a trading volume of 9,559,824 shares, compared to its average volume of 7,201,572. The firm’s 50 day moving average is $13.30 and its 200-day moving average is $16.29. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.85 and a current ratio of 1.14. The stock has a market capitalization of $43.70 billion, a price-to-earnings ratio of 4.57, a P/E/G ratio of 0.45 and a beta of 1.60. Stellantis has a 1 year low of $12.12 and a 1 year high of $29.51.

Institutional Trading of Stellantis

Several hedge funds have recently modified their holdings of the business. Franklin Resources Inc. increased its position in shares of Stellantis by 74.7% in the third quarter. Franklin Resources Inc. now owns 7,605,563 shares of the company’s stock valued at $102,340,000 after buying an additional 3,252,492 shares in the last quarter. World Investment Advisors LLC acquired a new stake in shares of Stellantis during the 3rd quarter worth about $1,324,000. Te Ahumairangi Investment Management Ltd grew its holdings in shares of Stellantis by 28.3% during the third quarter. Te Ahumairangi Investment Management Ltd now owns 537,996 shares of the company’s stock worth $7,408,000 after buying an additional 118,635 shares in the last quarter. SkyView Investment Advisors LLC raised its position in shares of Stellantis by 5.2% in the third quarter. SkyView Investment Advisors LLC now owns 181,148 shares of the company’s stock valued at $2,552,000 after buying an additional 8,988 shares during the last quarter. Finally, Virtu Financial LLC lifted its stake in shares of Stellantis by 148.8% during the third quarter. Virtu Financial LLC now owns 48,303 shares of the company’s stock valued at $679,000 after buying an additional 28,891 shares during the period. 59.48% of the stock is owned by institutional investors and hedge funds.

About Stellantis

Stellantis N.V. engages in the design, engineering, manufacturing, distribution, and sale of automobiles and light commercial vehicles, engines, transmission systems, metallurgical products, mobility services, and production systems worldwide. It provides luxury and premium vehicles; sport utility vehicles; American and European brand vehicles; and parts and services, as well as retail and dealer financing, leasing, and rental services.