XPeng Inc. (NYSE:XPEV) Short Interest Up 16.0% in November

XPeng Inc. (NYSE:XPEV - Get Free Report) was the target of a large growth in short interest in the month of November. As of November 30th, there was short interest totalling 49,880,000 shares, a growth of 16.0% from the November 15th total of 43,010,000 shares. Based on an average daily volume of 15,400,000 shares, the short-interest ratio is currently 3.2 days.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Macquarie raised shares of XPeng from a "neutral" rating to an "outperform" rating in a report on Friday, August 30th. Citigroup cut their price objective on shares of XPeng from $14.60 to $13.70 and set a "neutral" rating on the stock in a research note on Wednesday, November 20th. Bank of America cut their price target on XPeng from $11.00 to $10.00 and set a "buy" rating on the stock in a research report on Wednesday, August 21st. UBS Group restated a "sell" rating and issued a $8.80 target price (up previously from $8.20) on shares of XPeng in a research note on Thursday, December 5th. Finally, Sanford C. Bernstein increased their target price on shares of XPeng from $9.00 to $14.00 and gave the stock a "market perform" rating in a research note on Wednesday, November 20th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $11.69.

Institutional Investors Weigh In On XPeng

Several hedge funds have recently modified their holdings of XPEV. Y Intercept Hong Kong Ltd bought a new stake in shares of XPeng in the third quarter worth $6,233,000. FMR LLC boosted its stake in XPeng by 1,053.8% during the 3rd quarter. FMR LLC now owns 323,581 shares of the company's stock valued at $3,941,000 after purchasing an additional 295,536 shares during the period. Renaissance Technologies LLC acquired a new stake in XPeng in the 2nd quarter valued at approximately $1,006,000. Point72 Hong Kong Ltd acquired a new stake in XPeng in the third quarter worth about $22,047,000. Finally, Central Asset Investments & Management Holdings HK Ltd boosted its holdings in shares of XPeng by 36.0% in the third quarter. Central Asset Investments & Management Holdings HK Ltd now owns 408,000 shares of the company's stock valued at $4,969,000 after acquiring an additional 108,000 shares in the last quarter. 21.09% of the stock is owned by institutional investors and hedge funds.

XPeng Price Performance

NYSE:XPEV traded down $0.51 during trading hours on Friday, reaching $12.30. 9,744,204 shares of the company traded hands, compared to its average volume of 12,111,084. XPeng has a 1-year low of $6.55 and a 1-year high of $16.28. The stock has a market cap of $11.59 billion, a P/E ratio of -14.14 and a beta of 2.76. The firm's 50-day moving average is $12.27 and its 200-day moving average is $9.74. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.37 and a quick ratio of 1.18.

XPeng Company Profile

XPeng Inc designs, develops, manufactures, and markets smart electric vehicles (EVs) in the People's Republic of China. It offers SUVs under the G3, G3i, and G9 names; four-door sports sedans under the P7 and P7i names; and family sedans under the P5 name. The company also provides sales contracts, super charging, maintenance, technical support, auto financing, insurance, technology support, ride-hailing, automotive loan referral, and other services, as well as vehicle leasing and insurance agency services.