Stellantis (NYSE:STLA) Short Interest Up 18.3% in May

Stellantis (NYSE:STLA - Get Free Report) was the target of a large growth in short interest during the month of May. As of May 15th, there was short interest totalling 43,730,000 shares, a growth of 18.3% from the April 30th total of 36,970,000 shares. Based on an average daily trading volume, of 19,090,000 shares, the short-interest ratio is presently 2.3 days. Currently, 2.3% of the company's shares are short sold.

Stellantis Stock Up 0.2%

NYSE:STLA traded up $0.02 during midday trading on Wednesday, hitting $9.92. 11,181,803 shares of the company were exchanged, compared to its average volume of 11,421,588. The company has a fifty day simple moving average of $9.86 and a 200 day simple moving average of $11.90. Stellantis has a fifty-two week low of $8.39 and a fifty-two week high of $22.22. The company has a current ratio of 1.14, a quick ratio of 0.85 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $29.99 billion, a PE ratio of 2.91 and a beta of 1.47.

Stellantis Dividend Announcement

The business also recently declared a dividend, which was paid on Monday, May 5th. Investors of record on Thursday, April 24th were paid a dividend of $0.5032 per share. The ex-dividend date was Wednesday, April 23rd. This represents a yield of 6.07%. Stellantis's dividend payout ratio is currently 20.82%.

Institutional Investors Weigh In On Stellantis

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Goldman Sachs Group Inc. raised its stake in Stellantis by 208.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 95,367,261 shares of the company's stock worth $1,069,067,000 after acquiring an additional 64,406,866 shares in the last quarter. Vanguard Group Inc. raised its stake in Stellantis by 3.3% during the 1st quarter. Vanguard Group Inc. now owns 87,342,145 shares of the company's stock worth $979,629,000 after acquiring an additional 2,791,016 shares in the last quarter. Amundi raised its stake in Stellantis by 6.4% during the 1st quarter. Amundi now owns 78,473,374 shares of the company's stock worth $801,213,000 after acquiring an additional 4,708,200 shares in the last quarter. Norges Bank acquired a new stake in Stellantis during the 4th quarter worth $609,076,000. Finally, Deutsche Bank AG acquired a new position in Stellantis in the first quarter valued at $368,520,000. 59.48% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Piper Sandler downgraded shares of Stellantis from an "overweight" rating to a "neutral" rating and cut their price target for the stock from $23.00 to $13.00 in a report on Thursday, March 20th. Cowen began coverage on shares of Stellantis in a research report on Thursday, March 6th. They set a "hold" rating for the company. UBS Group cut shares of Stellantis from a "buy" rating to a "neutral" rating in a research report on Monday, April 14th. Redburn Atlantic cut shares of Stellantis from a "buy" rating to a "neutral" rating in a research report on Tuesday, April 22nd. Finally, DZ Bank raised shares of Stellantis from a "strong sell" rating to a "hold" rating in a research report on Tuesday, April 22nd. Twelve research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Stellantis presently has a consensus rating of "Hold" and a consensus price target of $16.49.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.