Stellantis (NYSE:STLA) Sees Large Decline in Short Interest

Stellantis (NYSE:STLA) was the target of a significant decrease in short interest in the month of November. As of November 30th, there was short interest totalling 15,660,000 shares, a decrease of 18.3% from the November 15th total of 19,160,000 shares. Currently, 0.8% of the company’s stock are short sold. Based on an average daily volume of 9,640,000 shares, the days-to-cover ratio is presently 1.6 days.

Stellantis Stock Performance

NYSE STLA traded down $0.77 on Monday, hitting $13.18. 13,853,800 shares of the company traded hands, compared to its average volume of 7,229,074. The business’s 50 day moving average price is $13.30 and its 200-day moving average price is $16.25. Stellantis has a 52-week low of $12.12 and a 52-week high of $29.51. The company has a current ratio of 1.14, a quick ratio of 0.85 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $41.29 billion, a price-to-earnings ratio of 4.57, a P/E/G ratio of 0.45 and a beta of 1.60.

Wall Street Analysts Forecast Growth

STLA has been the subject of several analyst reports. Evercore ISI assumed coverage on Stellantis in a report on Monday, November 11th. They set an “inline” rating for the company. Barclays lowered shares of Stellantis from an “overweight” rating to an “equal weight” rating in a research note on Thursday, October 3rd. Wolfe Research reaffirmed a “peer perform” rating on shares of Stellantis in a report on Thursday, September 5th. Finally, Royal Bank of Canada reissued a “sector perform” rating on shares of Stellantis in a research report on Friday, October 4th. Eight analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Stellantis currently has a consensus rating of “Hold” and a consensus target price of $27.34.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Rothschild Investment LLC bought a new stake in Stellantis in the 2nd quarter valued at $25,000. Waldron Private Wealth LLC bought a new stake in shares of Stellantis in the third quarter worth about $33,000. Central Pacific Bank Trust Division purchased a new stake in shares of Stellantis in the third quarter worth about $35,000. ORG Partners LLC bought a new position in Stellantis during the second quarter valued at approximately $38,000. Finally, Cromwell Holdings LLC grew its holdings in Stellantis by 52.9% during the 3rd quarter. Cromwell Holdings LLC now owns 2,993 shares of the company’s stock valued at $42,000 after buying an additional 1,036 shares in the last quarter. Hedge funds and other institutional investors own 59.48% of the company’s stock.

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.