XPeng Inc. (NYSE:XPEV) Short Interest Down 16.8% in January

XPeng Inc. (NYSE:XPEV - Get Free Report) saw a significant drop in short interest in the month of January. As of January 15th, there was short interest totalling 37,120,000 shares, a drop of 16.8% from the December 31st total of 44,600,000 shares. Based on an average daily volume of 12,060,000 shares, the days-to-cover ratio is presently 3.1 days.

XPeng Stock Performance

Shares of XPEV traded down $0.52 during mid-day trading on Wednesday, reaching $16.47. 5,876,218 shares of the company's stock traded hands, compared to its average volume of 10,292,768. The business's 50-day moving average price is $13.16 and its 200-day moving average price is $11.14. The stock has a market capitalization of $15.51 billion, a P/E ratio of -18.90 and a beta of 2.77. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.18 and a current ratio of 1.37. XPeng has a 12 month low of $6.55 and a 12 month high of $17.30.

Institutional Investors Weigh In On XPeng

A number of hedge funds have recently made changes to their positions in XPEV. Compagnie Lombard Odier SCmA raised its holdings in XPeng by 1,703.3% during the fourth quarter. Compagnie Lombard Odier SCmA now owns 8,115 shares of the company's stock worth $96,000 after purchasing an additional 7,665 shares in the last quarter. Vontobel Holding Ltd. raised its holdings in XPeng by 56.3% during the fourth quarter. Vontobel Holding Ltd. now owns 33,039 shares of the company's stock worth $391,000 after purchasing an additional 11,902 shares in the last quarter. Van ECK Associates Corp raised its holdings in XPeng by 14.2% during the fourth quarter. Van ECK Associates Corp now owns 253,875 shares of the company's stock worth $3,001,000 after purchasing an additional 31,538 shares in the last quarter. Savant Capital LLC bought a new stake in XPeng during the fourth quarter worth approximately $229,000. Finally, Golden State Wealth Management LLC acquired a new position in XPeng in the fourth quarter worth approximately $41,000. Institutional investors own 21.09% of the company's stock.

Analyst Ratings Changes

XPEV has been the subject of several recent analyst reports. Sanford C. Bernstein raised their target price on XPeng from $9.00 to $14.00 and gave the company a "market perform" rating in a research note on Wednesday, November 20th. The Goldman Sachs Group downgraded XPeng from a "buy" rating to a "neutral" rating and set a $12.50 target price for the company. in a research note on Thursday, November 21st. UBS Group reiterated a "sell" rating and issued a $8.80 price target (up from $8.20) on shares of XPeng in a research note on Thursday, December 5th. Citigroup decreased their price target on XPeng from $14.60 to $13.70 and set a "neutral" rating for the company in a research note on Wednesday, November 20th. Finally, China Renaissance upgraded XPeng from a "hold" rating to a "buy" rating and set a $16.70 price target for the company in a research note on Friday, November 22nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $11.69.

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.