Stellantis (NYSE:STLA) Short Interest Update

Stellantis (NYSE:STLA) was the target of a large decline in short interest in October. As of October 15th, there was short interest totalling 24,140,000 shares, a decline of 22.6% from the September 30th total of 31,200,000 shares. Based on an average trading volume of 8,980,000 shares, the days-to-cover ratio is currently 2.7 days. Currently, 1.2% of the company’s stock are short sold.

Stellantis Price Performance

Stellantis stock traded down $0.40 during trading on Tuesday, reaching $13.35. The company had a trading volume of 7,050,229 shares, compared to its average volume of 6,858,549. Stellantis has a 52 week low of $12.74 and a 52 week high of $29.51. The firm’s 50-day simple moving average is $14.79 and its 200 day simple moving average is $18.65. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.14 and a quick ratio of 0.85.

Insider Buying and Selling at Stellantis

In other news, major shareholder N.V. Stellantis acquired 2,982,089 shares of the business’s stock in a transaction on Thursday, August 8th. The shares were acquired at an average cost of $3.35 per share, with a total value of $9,989,998.15. Following the transaction, the insider now owns 59,734,962 shares in the company, valued at $200,112,122.70. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.02% of the company’s stock.

Hedge Funds Weigh In On Stellantis

A number of institutional investors have recently bought and sold shares of the stock. swisspartners Advisors Ltd raised its holdings in Stellantis by 82.5% in the 3rd quarter. swisspartners Advisors Ltd now owns 622,100 shares of the company’s stock worth $8,741,000 after purchasing an additional 281,240 shares during the period. Farther Finance Advisors LLC raised its holdings in Stellantis by 176.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 40,839 shares of the company’s stock worth $574,000 after purchasing an additional 26,072 shares during the period. AustralianSuper Pty Ltd raised its holdings in Stellantis by 26.3% in the 3rd quarter. AustralianSuper Pty Ltd now owns 9,089,415 shares of the company’s stock worth $125,597,000 after purchasing an additional 1,894,146 shares during the period. First Trust Direct Indexing L.P. raised its holdings in Stellantis by 5.6% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 69,774 shares of the company’s stock worth $980,000 after purchasing an additional 3,711 shares during the period. Finally, GW Henssler & Associates Ltd. bought a new position in Stellantis in the 3rd quarter worth $162,000. 59.48% of the stock is owned by institutional investors.

Analysts Set New Price Targets

STLA has been the topic of several recent research reports. Barclays downgraded Stellantis from an “overweight” rating to an “equal weight” rating in a research note on Thursday, October 3rd. Nomura upgraded Stellantis from a “neutral” rating to a “buy” rating in a research note on Wednesday, July 31st. Wolfe Research restated a “peer perform” rating on shares of Stellantis in a research note on Thursday, September 5th. Royal Bank of Canada restated a “sector perform” rating on shares of Stellantis in a research note on Friday, October 4th. Finally, Deutsche Bank Aktiengesellschaft downgraded Stellantis from a “buy” rating to a “hold” rating in a research note on Monday, July 29th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $27.34.

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.