Dana Inc (NYSE:DAN) Short Interest Update

Dana Inc (NYSE:DAN) saw a large decline in short interest in the month of July. As of July 31st, there was short interest totalling 3,509,900 shares, a decline of 8.2% from the June 30th total of 3,823,900 shares. Based on an average daily volume of 1,920,000 shares, the days-to-cover ratio is presently 1.8 days. Approximately 2.5% of the shares of the company are short sold.

DAN stock traded up $0.42 during trading on Friday, hitting $12.81. 1,451,378 shares of the company traded hands, compared to its average volume of 1,846,576. The firm has a market capitalization of $1.94 billion, a PE ratio of 4.31, a P/E/G ratio of 1.17 and a beta of 2.17. Dana has a 1 year low of $12.29 and a 1 year high of $21.17. The company has a 50-day moving average of $17.52 and a 200-day moving average of $17.87. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.01 and a current ratio of 1.63.

Dana (NYSE:DAN) last issued its earnings results on Wednesday, July 31st. The auto parts company reported $0.87 earnings per share for the quarter, missing the consensus estimate of $0.89 by ($0.02). The company had revenue of $2.30 billion for the quarter, compared to analysts’ expectations of $2.35 billion. Dana had a net margin of 2.67% and a return on equity of 29.55%. The company’s revenue was up 12.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.74 earnings per share. Sell-side analysts expect that Dana will post 3.25 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 6th. Shareholders of record on Friday, August 16th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 3.12%. The ex-dividend date of this dividend is Thursday, August 15th. Dana’s dividend payout ratio (DPR) is currently 13.47%.

A number of equities analysts have weighed in on DAN shares. Wolfe Research lowered Dana from an “outperform” rating to a “peer perform” rating in a research note on Thursday, April 18th. They noted that the move was a valuation call. Zacks Investment Research upgraded Dana from a “sell” rating to a “hold” rating in a research note on Monday. ValuEngine lowered Dana from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 1st. Finally, Credit Suisse Group started coverage on Dana in a research note on Wednesday, June 26th. They issued an “outperform” rating and a $22.00 target price on the stock. One analyst has rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the company. Dana has a consensus rating of “Buy” and an average target price of $21.10.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Stifel Financial Corp bought a new stake in shares of Dana during the fourth quarter valued at approximately $268,000. Norges Bank bought a new stake in shares of Dana during the 4th quarter valued at $30,517,000. Geode Capital Management LLC raised its stake in shares of Dana by 12.2% during the 4th quarter. Geode Capital Management LLC now owns 1,617,488 shares of the auto parts company’s stock valued at $22,045,000 after purchasing an additional 175,414 shares during the period. Retirement Systems of Alabama raised its stake in shares of Dana by 116.1% during the 1st quarter. Retirement Systems of Alabama now owns 405,328 shares of the auto parts company’s stock valued at $7,191,000 after purchasing an additional 217,764 shares during the period. Finally, Meeder Asset Management Inc. bought a new stake in shares of Dana during the 1st quarter valued at $784,000. Institutional investors and hedge funds own 94.25% of the company’s stock.

Dana Company Profile

Dana Incorporated provides drive and motion products, sealing solutions, thermal-management technologies, and fluid-power products to vehicle and engine manufacturer in North America, Europe, South America, and the Asia Pacific. The company operates in four segments: Light Vehicle Driveline Technologies, Commercial Vehicle Driveline Technologies, Off-Highway Drive and Motion Technologies, and Power Technologies.

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