Autohome Inc. (NYSE:ATHM) Short Interest Update

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 target of a significant decrease in short interest during the month of August. As of August 15th, there was short interest totaling 1,240,000 shares, a decrease of 20.0% 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. Approximately 1.1% of the shares of the company are short sold. Approximately 1.1% of the shares of the company are short sold. Based on an average daily volume of 290,800 shares, the short-interest ratio is currently 4.3 days.

Analysts Set New Price Targets

Separately, Wall Street Zen raised Autohome from a "hold" rating to a "buy" rating in a research note on Tuesday, May 20th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $36.00.

Autohome Trading Down 0.3%

Autohome stock traded down $0.08 during mid-day trading on Friday, hitting $29.44. The stock had a trading volume of 180,601 shares, compared to its average volume of 244,517. The firm has a market capitalization of $3.53 billion, a P/E ratio of 17.32 and a beta of 0.01. The firm's 50 day moving average is $28.17 and its 200 day moving average is $27.24. Autohome has a one year low of $23.39 and a one year high of $34.70.

Hedge Funds Weigh In On Autohome

Hedge funds have recently added to or reduced their stakes in the stock. Signaturefd LLC boosted its stake in Autohome by 40.6% in the second quarter. Signaturefd LLC now owns 1,466 shares of the information services provider's stock valued at $38,000 after acquiring an additional 423 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of Autohome by 5.0% during the second quarter. The Manufacturers Life Insurance Company now owns 9,168 shares of the information services provider's stock worth $236,000 after purchasing an additional 438 shares during the last quarter. Parallel Advisors LLC increased its holdings in Autohome by 42.4% in the second quarter. Parallel Advisors LLC now owns 2,212 shares of the information services provider's stock valued at $57,000 after buying an additional 659 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in Autohome by 124.4% in the second quarter. PNC Financial Services Group Inc. now owns 1,333 shares of the information services provider's stock valued at $34,000 after buying an additional 739 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new position in Autohome in the second quarter valued at $29,000. 63.08% of the stock is currently owned by institutional investors.

About Autohome

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.