Stellantis (NYSE:STLA) Sees Significant Growth in Short Interest

Stellantis (NYSE:STLA - Get Free Report) was the recipient of a large growth in short interest during the month of January. As of January 31st, there was short interest totalling 31,870,000 shares, a growth of 15.4% from the January 15th total of 27,620,000 shares. Currently, 1.6% of the company's shares are short sold. Based on an average trading volume of 9,330,000 shares, the days-to-cover ratio is presently 3.4 days.

Stellantis Trading Up 1.4 %

Shares of NYSE STLA traded up $0.20 during midday trading on Thursday, reaching $14.11. The stock had a trading volume of 6,724,545 shares, compared to its average volume of 10,070,063. Stellantis has a twelve month low of $12.12 and a twelve month high of $29.51. The company has a quick ratio of 0.85, a current ratio of 1.14 and a debt-to-equity ratio of 0.26. The company's 50 day moving average price is $13.13 and its 200 day moving average price is $13.93.

Analysts Set New Price Targets

Separately, Evercore ISI initiated coverage on shares of Stellantis in a report on Monday, November 11th. They set an "inline" rating on the stock. Seven equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $27.34.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. FMR LLC lifted its position in shares of Stellantis by 4.9% in the 3rd quarter. FMR LLC now owns 3,137,594 shares of the company's stock worth $44,083,000 after purchasing an additional 145,583 shares during the period. Mediolanum International Funds Ltd lifted its position in shares of Stellantis by 17.4% in the 3rd quarter. Mediolanum International Funds Ltd now owns 670,893 shares of the company's stock worth $9,426,000 after purchasing an additional 99,388 shares during the period. Four Tree Island Advisory LLC acquired a new position in shares of Stellantis during the 4th quarter valued at $2,019,000. World Investment Advisors LLC acquired a new position in shares of Stellantis during the 3rd quarter valued at $1,324,000. Finally, Te Ahumairangi Investment Management Ltd lifted its position in shares of Stellantis by 28.3% during the 3rd quarter. Te Ahumairangi Investment Management Ltd now owns 537,996 shares of the company's stock valued at $7,408,000 after acquiring an additional 118,635 shares during the period. Institutional investors and hedge funds own 59.48% of the company's stock.

Stellantis Company Profile

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.