Fiat Chrysler Automobiles N.V. (FCAU) Short Interest Update

Fiat Chrysler Automobiles N.V. (NYSE:FCAU) was the target of a significant decrease in short interest in June. As of June 30th, there was short interest totalling 32,760,560 shares, a decrease of 20.7% from the June 15th total of 41,290,982 shares. Currently, 3.1% of the shares of the stock are short sold. Based on an average trading volume of 4,403,163 shares, the days-to-cover ratio is currently 7.4 days.

Several hedge funds have recently modified their holdings of the company. Wetherby Asset Management Inc. boosted its stake in shares of Fiat Chrysler Automobiles N.V. by 5.2% in the first quarter. Wetherby Asset Management Inc. now owns 28,427 shares of the company’s stock valued at $311,000 after buying an additional 1,412 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Fiat Chrysler Automobiles N.V. by 0.8% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 363,911 shares of the company’s stock valued at $3,993,000 after buying an additional 2,872 shares during the period. CENTRAL TRUST Co acquired a new stake in shares of Fiat Chrysler Automobiles N.V. during the first quarter valued at approximately $383,000. Wells Fargo & Company MN boosted its stake in shares of Fiat Chrysler Automobiles N.V. by 13.8% in the first quarter. Wells Fargo & Company MN now owns 389,951 shares of the company’s stock valued at $4,262,000 after buying an additional 47,137 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in shares of Fiat Chrysler Automobiles N.V. by 5.9% in the first quarter. Bank of New York Mellon Corp now owns 2,843,922 shares of the company’s stock valued at $31,084,000 after buying an additional 159,067 shares during the period. 29.54% of the stock is owned by institutional investors and hedge funds.

Fiat Chrysler Automobiles N.V. (NYSE FCAU) opened at 11.98 on Tuesday. The company has a 50-day moving average price of $10.76 and a 200 day moving average price of $10.56. Fiat Chrysler Automobiles N.V. has a 1-year low of $6.01 and a 1-year high of $12.04. The firm has a market capitalization of $18.42 billion, a price-to-earnings ratio of 8.13 and a beta of 1.67.

Fiat Chrysler Automobiles N.V. (NYSE:FCAU) last issued its earnings results on Wednesday, April 26th. The company reported $0.46 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.05. The business had revenue of $27.72 billion during the quarter, compared to analysts’ expectations of $27.51 billion. Fiat Chrysler Automobiles N.V. had a return on equity of 14.39% and a net margin of 1.76%. Fiat Chrysler Automobiles N.V.’s revenue was up 4.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.34 earnings per share. Equities analysts anticipate that Fiat Chrysler Automobiles N.V. will post $2.44 earnings per share for the current year.

Several analysts have recently issued reports on FCAU shares. Bank of America Corporation restated an “underperform” rating and issued a $9.00 price objective (down from $10.00) on shares of Fiat Chrysler Automobiles N.V. in a research report on Friday, June 16th. Vetr upgraded Fiat Chrysler Automobiles N.V. from a “buy” rating to a “strong-buy” rating and set a $12.35 target price for the company in a research note on Tuesday, March 21st. Morgan Stanley dropped their target price on Fiat Chrysler Automobiles N.V. from $15.00 to $14.00 and set an “overweight” rating for the company in a research note on Friday, June 9th. Zacks Investment Research lowered Fiat Chrysler Automobiles N.V. from a “buy” rating to a “hold” rating in a research note on Tuesday, June 20th. Finally, Jefferies Group LLC set a $14.00 target price on Fiat Chrysler Automobiles N.V. and gave the company a “buy” rating in a research note on Monday, May 22nd. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Hold” and an average target price of $12.55.

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