Fiat Chrysler Automobiles N.V. (FCAU) Short Interest Down 20.7% in June

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

A number of equities analysts have issued reports on the company. Jefferies Group LLC set a $14.00 target price on Fiat Chrysler Automobiles N.V. and gave the stock a “buy” rating in a report on Monday, May 22nd. Zacks Investment Research cut Fiat Chrysler Automobiles N.V. from a “buy” rating to a “hold” rating in a report on Tuesday, June 20th. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating on shares of Fiat Chrysler Automobiles N.V. in a report on Wednesday, April 26th. Morgan Stanley cut their price objective on Fiat Chrysler Automobiles N.V. from $15.00 to $14.00 and set an “overweight” rating on the stock in a report on Friday, June 9th. Finally, Kepler Capital Markets upgraded Fiat Chrysler Automobiles N.V. from a “hold” rating to a “buy” rating in a report on Friday, July 28th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $12.55.

Fiat Chrysler Automobiles N.V. (NYSE FCAU) opened at 11.61 on Friday. The firm has a market cap of $17.85 billion, a price-to-earnings ratio of 5.35 and a beta of 1.72. The firm’s 50 day moving average price is $11.57 and its 200 day moving average price is $11.02. Fiat Chrysler Automobiles N.V. has a 52-week low of $6.05 and a 52-week high of $12.17.

Fiat Chrysler Automobiles N.V. (NYSE:FCAU) last issued its quarterly earnings results on Thursday, July 27th. The company reported $0.76 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.59 by $0.17. Fiat Chrysler Automobiles N.V. had a return on equity of 15.69% and a net margin of 2.51%. The business had revenue of $27.93 billion during the quarter, compared to analyst estimates of $29.24 billion. During the same quarter in the prior year, the business posted $0.45 EPS. Fiat Chrysler Automobiles N.V.’s revenue for the quarter was up .1% compared to the same quarter last year. Equities research analysts anticipate that Fiat Chrysler Automobiles N.V. will post $2.59 EPS for the current fiscal year.

A number of large investors have recently modified their holdings of the company. Zweig DiMenna Associates LLC raised its stake in shares of Fiat Chrysler Automobiles N.V. by 2.0% in the second quarter. Zweig DiMenna Associates LLC now owns 15,200 shares of the company’s stock worth $162,000 after buying an additional 300 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in shares of Fiat Chrysler Automobiles N.V. by 0.4% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 102,728 shares of the company’s stock worth $1,123,000 after buying an additional 400 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in shares of Fiat Chrysler Automobiles N.V. by 3.4% in 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 during the last quarter. Greenleaf Trust raised its stake in shares of Fiat Chrysler Automobiles N.V. by 3.2% in the second quarter. Greenleaf Trust now owns 17,251 shares of the company’s stock worth $183,000 after buying an additional 542 shares during the last quarter. Finally, US Bancorp DE raised its stake in shares of Fiat Chrysler Automobiles N.V. by 5.7% in the first quarter. US Bancorp DE now owns 10,892 shares of the company’s stock worth $120,000 after buying an additional 589 shares during the last quarter. Institutional investors and hedge funds own 29.29% of the company’s stock.

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