Fiat Chrysler Automobiles NV (NYSE:FCAU) Short Interest Up 28.4% in January

Fiat Chrysler Automobiles NV (NYSE:FCAU) was the recipient of a significant growth in short interest in the month of January. As of January 31st, there was short interest totalling 14,510,000 shares, a growth of 28.4% from the January 15th total of 11,300,000 shares. Based on an average daily volume of 5,160,000 shares, the days-to-cover ratio is currently 2.8 days. Approximately 1.3% of the company’s shares are sold short.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Quest Capital Management Inc. ADV acquired a new position in Fiat Chrysler Automobiles in the third quarter valued at about $30,000. Assetmark Inc. lifted its position in shares of Fiat Chrysler Automobiles by 394.5% during the fourth quarter. Assetmark Inc. now owns 2,334 shares of the company’s stock worth $34,000 after purchasing an additional 1,862 shares in the last quarter. Lindbrook Capital LLC lifted its position in shares of Fiat Chrysler Automobiles by 36.6% during the third quarter. Lindbrook Capital LLC now owns 3,725 shares of the company’s stock worth $48,000 after purchasing an additional 998 shares in the last quarter. Huntington National Bank acquired a new stake in shares of Fiat Chrysler Automobiles during the fourth quarter worth about $68,000. Finally, Atlas Capital Advisors LLC acquired a new stake in shares of Fiat Chrysler Automobiles during the fourth quarter worth about $106,000. 22.44% of the stock is currently owned by institutional investors.

A number of brokerages recently issued reports on FCAU. BNP Paribas raised shares of Fiat Chrysler Automobiles from a “neutral” rating to an “outperform” rating in a report on Tuesday, November 12th. Redburn Partners raised shares of Fiat Chrysler Automobiles from a “sell” rating to a “neutral” rating in a report on Friday, November 1st. HSBC raised shares of Fiat Chrysler Automobiles from a “hold” rating to a “buy” rating in a report on Monday, November 4th. Evercore ISI raised shares of Fiat Chrysler Automobiles from an “in-line” rating to an “outperform” rating in a report on Wednesday, December 18th. Finally, Zacks Investment Research raised shares of Fiat Chrysler Automobiles from a “strong sell” rating to a “hold” rating and set a $16.00 price objective for the company in a report on Monday, January 13th. One analyst has rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company. Fiat Chrysler Automobiles has a consensus rating of “Hold” and an average price target of $16.73.

NYSE FCAU opened at $13.44 on Friday. The firm’s 50-day moving average is $13.84 and its two-hundred day moving average is $13.87. Fiat Chrysler Automobiles has a 12 month low of $12.11 and a 12 month high of $16.69. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.82 and a quick ratio of 0.57. The stock has a market capitalization of $25.73 billion, a P/E ratio of 6.72, a PEG ratio of 1.52 and a beta of 1.79.

Fiat Chrysler Automobiles (NYSE:FCAU) last posted its earnings results on Thursday, February 6th. The company reported $0.97 EPS for the quarter, missing the Zacks’ consensus estimate of $1.06 by ($0.09). Fiat Chrysler Automobiles had a net margin of 2.60% and a return on equity of 15.35%. The company had revenue of $29.64 billion during the quarter, compared to analyst estimates of $29.07 billion. During the same period in the previous year, the company earned $1.04 EPS. The company’s quarterly revenue was down 3.2% compared to the same quarter last year. As a group, analysts anticipate that Fiat Chrysler Automobiles will post 3.08 EPS for the current year.

Fiat Chrysler Automobiles Company Profile

Fiat Chrysler Automobiles N.V., together with its subsidiaries, designs, engineers, manufactures, distributes, and sells vehicles, components, and production systems. The company operates through five segments: NAFTA, LATAM, APAC, EMEA, and Maserati. It provides passenger cars, SUV vehicles, trucks, and light commercial vehicles under the Jeep, Ram, Dodge, Chrysler, Fiat, Fiat Professional, Alfa Romeo, and Abarth brands; and luxury vehicles under the Maserati brand, as well as related service parts and accessories, and service contracts under the Mopar brand.

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