Autohome Inc. (NYSE:ATHM) Short Interest Down 20.0% in August

Key Points

• Autohome Inc. experienced a significant decrease in short interest of 20.0% in August, with short interest now totaling 1,240,000 shares.
• The company has seen an upgrade from a "hold" rating to a "buy" rating by Wall Street Zen, contributing to a consensus rating of "Moderate Buy" with a price target of $36.00.
• Institutional investors showed strong interest, with 63.08% of the stock currently owned by hedge funds and notable increases in holdings reported from firms like Mirae Asset and Federated Hermes.

Autohome Inc. (NYSE:ATHM - Get Free Report) was the recipient of a significant drop in short interest during the month of August. As of August 15th, there was short interest totaling 1,240,000 shares, adropof20.0% from the July 31st total of 1,550,000 shares. Based on an average daily volume of 290,800 shares, the short-interest ratio is currently 4.3 days. Approximately1.1% of the company's shares are short sold. Approximately1.1% of the company's shares are short sold. Based on an average daily volume of 290,800 shares, the short-interest ratio is currently 4.3 days.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded Autohome from a "hold" rating to a "buy" rating in a report on Tuesday, May 20th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $36.00.

Autohome Price Performance

Shares of Autohome stock traded up $0.62 on Tuesday, reaching $29.19. The company had a trading volume of 87,248 shares, compared to its average volume of 412,040. The firm's 50-day moving average price is $27.93 and its two-hundred day moving average price is $27.21. Autohome has a 1 year low of $23.39 and a 1 year high of $34.70. The firm has a market cap of $3.50 billion and a price-to-earnings ratio of 17.17.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Autohome by 6,649.0% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 724,773 shares of the information services provider's stock worth $20,091,000 after buying an additional 714,034 shares during the last quarter. Krane Funds Advisors LLC grew its position in Autohome by 23.4% in the first quarter. Krane Funds Advisors LLC now owns 3,520,385 shares of the information services provider's stock worth $97,585,000 after acquiring an additional 667,669 shares during the period. Robeco Institutional Asset Management B.V. grew its position in Autohome by 33.8% in the first quarter. Robeco Institutional Asset Management B.V. now owns 2,299,013 shares of the information services provider's stock worth $63,729,000 after acquiring an additional 580,252 shares during the period. Federated Hermes Inc. boosted its position in shares of Autohome by 61.4% during the second quarter. Federated Hermes Inc. now owns 1,393,033 shares of the information services provider's stock worth $35,926,000 after buying an additional 530,152 shares during the period. Finally, Norges Bank acquired a new stake in shares of Autohome in the second quarter valued at $12,120,000. 63.08% of the stock is currently owned by hedge funds and other institutional investors.

Autohome Company Profile

Autohome Inc operates as an online destination for automobile consumers in the People's Republic of China. The company delivers interactive content and tools to automobile consumers through its three websites, autohome.com.cn, che168.com, and ttpai.cn on PCs, mobile devices, mobile applications, and mini apps.

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