Fiat Chrysler Automobiles NV (FCAU) Sees Significant Growth in Short Interest

Fiat Chrysler Automobiles NV (NYSE:FCAU) was the target of a significant increase in short interest in the month of December. As of December 29th, there was short interest totalling 25,617,371 shares, an increase of 10.2% from the December 15th total of 23,249,407 shares. Currently, 2.4% of the shares of the company are sold short. Based on an average trading volume of 2,614,248 shares, the days-to-cover ratio is presently 9.8 days.

FCAU has been the topic of a number of recent research reports. BidaskClub lowered shares of Fiat Chrysler Automobiles from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 14th. ValuEngine lowered shares of Fiat Chrysler Automobiles from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 1st. Zacks Investment Research raised shares of Fiat Chrysler Automobiles from a “hold” rating to a “buy” rating and set a $20.00 price target on the stock in a research report on Wednesday, December 20th. Morgan Stanley raised their price target on shares of Fiat Chrysler Automobiles from $14.00 to $18.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 21st. Finally, Jefferies Group reaffirmed a “buy” rating and set a $19.00 price target on shares of Fiat Chrysler Automobiles in a research report on Monday, October 16th. Four equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $16.67.

Shares of Fiat Chrysler Automobiles (NYSE FCAU) opened at $23.39 on Tuesday. The stock has a market cap of $35,960.00, a PE ratio of 10.49, a price-to-earnings-growth ratio of 0.42 and a beta of 1.20. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.48 and a current ratio of 0.77. Fiat Chrysler Automobiles has a one year low of $9.46 and a one year high of $23.80.

Fiat Chrysler Automobiles (NYSE:FCAU) last announced its quarterly earnings data on Tuesday, October 24th. The company reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.16. Fiat Chrysler Automobiles had a net margin of 2.81% and a return on equity of 16.08%. equities analysts predict that Fiat Chrysler Automobiles will post 2.69 EPS for the current fiscal year.

A number of institutional investors have recently made changes to their positions in the business. Cambridge Investment Research Advisors Inc. grew its stake in Fiat Chrysler Automobiles by 3.4% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 13,222 shares of the company’s stock worth $141,000 after buying an additional 430 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its stake in shares of Fiat Chrysler Automobiles by 0.5% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 103,198 shares of the company’s stock valued at $1,088,000 after purchasing an additional 470 shares in the last quarter. Stifel Financial Corp boosted its stake in shares of Fiat Chrysler Automobiles by 2.1% in the 2nd quarter. Stifel Financial Corp now owns 29,360 shares of the company’s stock valued at $311,000 after purchasing an additional 592 shares in the last quarter. Cetera Investment Advisers boosted its stake in shares of Fiat Chrysler Automobiles by 15.0% in the 2nd quarter. Cetera Investment Advisers now owns 14,074 shares of the company’s stock valued at $148,000 after purchasing an additional 1,840 shares in the last quarter. Finally, Lorber David A boosted its stake in shares of Fiat Chrysler Automobiles by 38.3% in the 3rd quarter. Lorber David A now owns 11,844 shares of the company’s stock valued at $212,000 after purchasing an additional 3,279 shares in the last quarter. Hedge funds and other institutional investors own 31.22% of the company’s stock.

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About Fiat Chrysler Automobiles

Fiat Chrysler Automobiles N.V., together with its subsidiaries, designs, engineers, manufactures, distributes, and sells vehicles, components, and production systems. The company operates through six segments: NAFTA, LATAM, APAC, EMEA, Maserati, and Components. It provides passenger cars, light trucks, and light commercial vehicles under the Abarth, Alfa Romeo, Chrysler, Dodge, Fiat, Fiat Professional, Jeep, Lancia, and Ram brand names; and luxury vehicles under the Maserati brand, as well as related service parts and accessories, and service contracts under the Mopar brand.

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