Fiat Chrysler Automobiles NV (FCAU) Short Interest Down 20.7% in June

Paterniano Del Favero
Agosto 8, 2017

Based on an average trading volume of 4,403,163 shares, the short-interest ratio is now 7.4 days. Currently, 3.1% of the company's shares are sold short.

Fiat Chrysler Automobiles N.V. has a one year low of $6.05 and a one year high of $12.17. (NYSE FCAU) traded up 0.33% during mid-day trading on Monday, hitting $12.11.

Ferrari stock jumped 1.5% premarket to $112.20 per share. The firm's 50-day moving average is $11.31 and its 200 day moving average is $10.93.

Ferrari, which split off from Fiat Chrysler in January 2016, has a market value of $20.89 billion. The stock has a market cap of $18.62 billion, a PE ratio of 5.66 and a beta of 1.72. (NYSE:FCAU) last announced its earnings results on Thursday, July 27th.

Ferrari reported strong second quarter earnings last week and released plans to expand its fleet of luxury vehicles, possibly to include a roomier four-seater to its line of high-performance sports cars. The business had revenue of $27.93 billion during the quarter, compared to analyst estimates of $29.24 billion. During the same quarter a year ago, the business posted $0.45 EPS. The company's revenue for the quarter was up.1% compared to the same quarter a year ago. On average, equities research analysts forecast that Fiat Chrysler Automobiles N.V. will post $2.62 EPS for the current fiscal year.

Several large investors have recently modified their holdings of FCAU. Fiat Chrysler Automobiles N.V. earned a news sentiment score of 0.00 on Accern's scale. FMR LLC raised its position in shares of Fiat Chrysler Automobiles 88.3% in the first quarter. Vanguard Group Inc. now owns 24,894,440 shares of the company's stock worth $272,095,000 after buying an additional 1,012,634 shares during the period. Russell Investments Group Ltd. increased its stake in Fiat Chrysler Automobiles 25.0% in the first quarter.

Fiat Chrysler Automobiles N.V. had a return on equity of 15.69% and a net margin of 2.51%. Aperio Group LLC now owns 1,250,940 shares of the company's stock worth $13,297,000 after buying an additional 410,182 shares during the period.

A number of brokerages have issued reports on FCAU. J P Morgan Chase & Co set a €10.00 ($11.76) target price on Fiat Chrysler Automobiles NV and gave the stock a "neutral" rating in a research report on Monday, July 10th.

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