CNH Industrial NV (NYSE:CNHI) Sees Significant Growth in Short Interest

CNH Industrial NV (NYSE:CNHI) was the recipient of a significant increase in short interest in July. As of July 31st, there was short interest totalling 7,810,400 shares, an increase of 10.1% from the June 30th total of 7,092,300 shares. Approximately 0.8% of the company’s shares are sold short. Based on an average daily trading volume, of 1,710,000 shares, the short-interest ratio is presently 4.6 days.

Shares of NYSE CNHI traded up $0.19 during trading on Friday, reaching $8.83. 629,129 shares of the stock were exchanged, compared to its average volume of 1,441,630. The business’s 50-day moving average price is $10.05 and its 200 day moving average price is $10.17. CNH Industrial has a twelve month low of $8.41 and a twelve month high of $12.68. The company has a quick ratio of 4.01, a current ratio of 5.34 and a debt-to-equity ratio of 4.44. The company has a market capitalization of $12.23 billion, a price-to-earnings ratio of 11.04 and a beta of 1.35.

CNH Industrial (NYSE:CNHI) last posted its earnings results on Thursday, August 1st. The company reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.02. CNH Industrial had a net margin of 3.97% and a return on equity of 22.56%. The business had revenue of $7.57 billion for the quarter, compared to analysts’ expectations of $7.80 billion. During the same period in the previous year, the company posted $0.28 earnings per share. The business’s revenue for the quarter was down 5.9% compared to the same quarter last year. As a group, sell-side analysts expect that CNH Industrial will post 0.85 earnings per share for the current fiscal year.

A number of research analysts have weighed in on CNHI shares. Deutsche Bank raised shares of CNH Industrial from a “sell” rating to a “hold” rating and set a $10.00 price target on the stock in a research report on Tuesday, June 18th. ValuEngine cut shares of CNH Industrial from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. Stephens initiated coverage on shares of CNH Industrial in a research report on Wednesday. They set an “equal weight” rating and a $10.00 target price on the stock. Finally, TheStreet raised shares of CNH Industrial from a “c” rating to a “b” rating in a research report on Wednesday, May 15th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company’s stock. CNH Industrial currently has a consensus rating of “Hold” and a consensus price target of $11.13.

Large investors have recently modified their holdings of the stock. Amundi Pioneer Asset Management Inc. increased its stake in CNH Industrial by 25.5% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 16,786,786 shares of the company’s stock valued at $171,225,000 after purchasing an additional 3,408,301 shares during the last quarter. ARGA Investment Management LP increased its stake in CNH Industrial by 16,789.9% during the first quarter. ARGA Investment Management LP now owns 2,415,251 shares of the company’s stock valued at $24,564,000 after purchasing an additional 2,400,951 shares during the last quarter. Bank of Italy increased its stake in CNH Industrial by 19.5% during the second quarter. Bank of Italy now owns 9,049,841 shares of the company’s stock valued at $92,874,000 after purchasing an additional 1,477,931 shares during the last quarter. Tocqueville Asset Management L.P. bought a new stake in CNH Industrial during the first quarter valued at $13,134,000. Finally, Bank of America Corp DE increased its stake in CNH Industrial by 80.0% during the second quarter. Bank of America Corp DE now owns 2,586,301 shares of the company’s stock valued at $26,588,000 after purchasing an additional 1,149,391 shares during the last quarter. Institutional investors and hedge funds own 20.86% of the company’s stock.

About CNH Industrial

CNH Industrial N.V. designs, produces, markets, sells, and finances agricultural and construction equipment, trucks, commercial vehicles, and buses worldwide. The company operates in five segments: Agricultural Equipment, Construction Equipment, Commercial Vehicles, Powertrain, and Financial Services.

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