Li Auto Inc. (NASDAQ:LI) Short Interest Down 24.2% in May

Li Auto Inc. (NASDAQ:LI - Get Free Report) saw a large drop in short interest in May. As of May 15th, there was short interest totalling 17,280,000 shares, a drop of 24.2% from the April 30th total of 22,800,000 shares. Based on an average daily volume of 6,230,000 shares, the short-interest ratio is currently 2.8 days. Currently, 3.2% of the shares of the stock are sold short.

Li Auto Stock Performance

LI traded down $0.19 during trading on Thursday, reaching $29.27. 3,222,488 shares of the company's stock were exchanged, compared to its average volume of 6,459,566. Li Auto has a fifty-two week low of $17.44 and a fifty-two week high of $33.12. The company has a quick ratio of 1.64, a current ratio of 1.76 and a debt-to-equity ratio of 0.13. The business has a 50 day moving average price of $25.59 and a 200 day moving average price of $25.10. The company has a market capitalization of $30.65 billion, a P/E ratio of 21.68, a PEG ratio of 3.27 and a beta of 0.98.

Li Auto (NASDAQ:LI - Get Free Report) last posted its quarterly earnings results on Thursday, May 29th. The company reported $0.08 earnings per share for the quarter, missing analysts' consensus estimates of $0.09 by ($0.01). Li Auto had a return on equity of 13.03% and a net margin of 7.20%. The business had revenue of $3.53 billion for the quarter, compared to analyst estimates of $3.45 billion. During the same quarter in the prior year, the firm earned $1.21 EPS. The firm's quarterly revenue was up 1.1% on a year-over-year basis. As a group, analysts predict that Li Auto will post 0.96 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently weighed in on LI. Nomura Securities upgraded shares of Li Auto to a "hold" rating in a research report on Monday, March 17th. JPMorgan Chase & Co. raised shares of Li Auto from a "neutral" rating to an "overweight" rating and upped their price objective for the company from $22.00 to $40.00 in a research note on Friday, February 28th. Cfra Research raised shares of Li Auto to a "strong sell" rating in a research note on Friday, March 21st. HSBC set a $38.50 price objective on shares of Li Auto and gave the company a "buy" rating in a research note on Thursday, March 6th. Finally, Macquarie lowered shares of Li Auto from an "outperform" rating to a "neutral" rating and set a $27.00 price objective for the company. in a research note on Monday, March 17th. One analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $32.85.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Signaturefd LLC lifted its holdings in shares of Li Auto by 4.4% during the fourth quarter. Signaturefd LLC now owns 10,184 shares of the company's stock valued at $244,000 after acquiring an additional 428 shares during the period. Daiwa Securities Group Inc. raised its holdings in shares of Li Auto by 16.7% in the fourth quarter. Daiwa Securities Group Inc. now owns 3,500 shares of the company's stock valued at $84,000 after buying an additional 500 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Li Auto by 9.6% in the first quarter. PNC Financial Services Group Inc. now owns 6,134 shares of the company's stock valued at $155,000 after buying an additional 538 shares during the last quarter. Laird Norton Wetherby Wealth Management LLC raised its holdings in shares of Li Auto by 2.2% in the fourth quarter. Laird Norton Wetherby Wealth Management LLC now owns 25,174 shares of the company's stock valued at $604,000 after buying an additional 547 shares during the last quarter. Finally, US Bancorp DE raised its holdings in shares of Li Auto by 9.0% in the first quarter. US Bancorp DE now owns 10,255 shares of the company's stock valued at $258,000 after buying an additional 844 shares during the last quarter. 9.88% of the stock is owned by institutional investors.

About Li Auto

Li Auto Inc operates in the energy vehicle market in the People's Republic of China. It designs, develops, manufactures, and sells premium smart electric vehicles. The company's product line comprises MPVs and sport utility vehicles. It offers sales and after sales management, and technology development and corporate management services, as well as purchases manufacturing equipment.