Stellantis (NYSE:STLA) Short Interest Update

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

Stellantis Stock Performance

Shares of NYSE:STLA traded up $0.24 on Friday, hitting $13.95. The company’s stock had a trading volume of 9,559,824 shares, compared to its average volume of 7,201,572. Stellantis has a 12 month low of $12.12 and a 12 month high of $29.51. The stock’s 50-day moving average is $13.30 and its two-hundred day moving average is $16.29. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.85 and a current ratio of 1.14. The company has a market capitalization of $43.70 billion, a price-to-earnings ratio of 4.57, a price-to-earnings-growth ratio of 0.45 and a beta of 1.60.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Wolfe Research reiterated a “peer perform” rating on shares of Stellantis in a report on Thursday, September 5th. Barclays cut Stellantis from an “overweight” rating to an “equal weight” rating in a research note on Thursday, October 3rd. Evercore ISI started coverage on shares of Stellantis in a research report on Monday, November 11th. They set an “inline” rating for the company. Finally, Royal Bank of Canada restated a “sector perform” rating on shares of Stellantis in a research note on Friday, October 4th. Eight investment 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 stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $27.34.

Institutional Trading of Stellantis

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Franklin Resources Inc. lifted its holdings in Stellantis by 74.7% in the 3rd quarter. Franklin Resources Inc. now owns 7,605,563 shares of the company’s stock valued at $102,340,000 after acquiring an additional 3,252,492 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its stake in shares of Stellantis by 464.4% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 3,246,800 shares of the company’s stock worth $45,618,000 after acquiring an additional 2,671,500 shares in the last quarter. Banco Santander S.A. acquired a new stake in shares of Stellantis during the third quarter worth $26,679,000. AustralianSuper Pty Ltd lifted its holdings in shares of Stellantis by 26.3% during the third quarter. AustralianSuper Pty Ltd now owns 9,089,415 shares of the company’s stock valued at $125,597,000 after purchasing an additional 1,894,146 shares during the last quarter. Finally, Conifer Management L.L.C. increased its stake in Stellantis by 26.4% in the 3rd quarter. Conifer Management L.L.C. now owns 9,000,000 shares of the company’s stock worth $126,450,000 after purchasing an additional 1,880,000 shares in the last quarter. 59.48% of the stock is currently owned by institutional investors.

About Stellantis

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.