Stellantis (NYSE:STLA) Short Interest Up 15.4% in January

Stellantis (NYSE:STLA) was the target of a significant increase in short interest in the month of January. As of January 31st, there was short interest totalling 31,870,000 shares, an increase of 15.4% from the January 15th total of 27,620,000 shares. Approximately 1.6% of the company’s shares are sold short. Based on an average trading volume of 9,330,000 shares, the days-to-cover ratio is presently 3.4 days.

Wall Street Analysts Forecast Growth

Separately, Evercore ISI initiated coverage on shares of Stellantis in a research report on Monday, November 11th. They set an “inline” rating on the stock. Seven 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 data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $27.34.

Stellantis Price Performance

STLA stock traded up $0.51 during trading on Monday, hitting $14.04. 12,554,226 shares of the company’s stock traded hands, compared to its average volume of 9,264,148. The business has a fifty day simple moving average of $13.11 and a two-hundred day simple moving average of $13.96. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.85 and a current ratio of 1.14. Stellantis has a 1 year low of $12.12 and a 1 year high of $29.51.

Hedge Funds Weigh In On Stellantis

Several institutional investors have recently bought and sold shares of the business. Cromwell Holdings LLC grew its holdings in Stellantis by 52.9% in the third quarter. Cromwell Holdings LLC now owns 2,993 shares of the company’s stock worth $42,000 after purchasing an additional 1,036 shares during the last quarter. Orion Portfolio Solutions LLC grew its holdings in Stellantis by 7.6% in the fourth quarter. Orion Portfolio Solutions LLC now owns 16,184 shares of the company’s stock worth $211,000 after purchasing an additional 1,149 shares during the last quarter. Prospera Financial Services Inc lifted its stake in shares of Stellantis by 9.5% during the third quarter. Prospera Financial Services Inc now owns 13,681 shares of the company’s stock worth $192,000 after buying an additional 1,192 shares during the period. Spire Wealth Management lifted its stake in shares of Stellantis by 29.7% during the fourth quarter. Spire Wealth Management now owns 5,291 shares of the company’s stock worth $69,000 after buying an additional 1,211 shares during the period. Finally, Glenorchy Capital Ltd lifted its stake in shares of Stellantis by 4.9% during the fourth quarter. Glenorchy Capital Ltd now owns 28,701 shares of the company’s stock worth $375,000 after buying an additional 1,340 shares during the period. 59.48% of the stock is owned by hedge funds and other institutional investors.

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.