XPeng Inc. Sponsored ADR (NYSE:XPEV) Sees Large Increase in Short Interest

Key Points

• XPeng Inc. (NYSE:XPEV) experienced a dramatic rise in short interest, increasing by 1,963.3% from June to July, totaling 37,140,000 shares as of July 15th.
• Several institutional investors, including JPMorgan Chase & Co. and Wells Fargo & Company, have significantly increased their holdings in XPeng, reflecting growing institutional interest.
• Analyst ratings for XPeng vary, with a consensus rating of "Moderate Buy" and a target price of $23.73, indicating mixed sentiments in the market about the stock's future performance.

XPeng Inc. Sponsored ADR (NYSE:XPEV - Get Free Report) saw a significant increase in short interest during the month of July. As of July 15th, there was short interest totaling 37,140,000 shares, anincreaseof1,963.3% from the June 30th total of 1,800,000 shares. Based on an average daily volume of 6,920,000 shares, the days-to-cover ratio is presently 5.4 days. Based on an average daily volume of 6,920,000 shares, the days-to-cover ratio is presently 5.4 days.

Institutional Investors Weigh In On XPeng

Several large investors have recently bought and sold shares of XPEV. HighTower Advisors LLC boosted its holdings in shares of XPeng by 27.2% in the fourth quarter. HighTower Advisors LLC now owns 14,507 shares of the company's stock valued at $171,000 after buying an additional 3,102 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of XPeng by 1,138.1% in the fourth quarter. JPMorgan Chase & Co. now owns 4,598,454 shares of the company's stock valued at $54,354,000 after buying an additional 4,227,055 shares during the period. O Shaughnessy Asset Management LLC boosted its holdings in shares of XPeng by 35.4% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 24,529 shares of the company's stock valued at $290,000 after buying an additional 6,411 shares during the period. Wells Fargo & Company MN boosted its holdings in shares of XPeng by 62.9% in the fourth quarter. Wells Fargo & Company MN now owns 11,116 shares of the company's stock valued at $131,000 after buying an additional 4,292 shares during the period. Finally, Quadrant Capital Group LLC boosted its holdings in shares of XPeng by 3.9% in the fourth quarter. Quadrant Capital Group LLC now owns 24,192 shares of the company's stock valued at $286,000 after buying an additional 913 shares during the period. Institutional investors own 21.09% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on XPEV. Morgan Stanley set a $28.00 price target on XPeng and gave the company an "overweight" rating in a research report on Thursday, June 12th. The Goldman Sachs Group upgraded shares of XPeng from a "neutral" rating to a "buy" rating and raised their price target for the stock from $16.40 to $24.00 in a research report on Tuesday, June 17th. Finally, Sanford C. Bernstein set a $19.00 price target on shares of XPeng and gave the stock a "market perform" rating in a research report on Thursday, May 22nd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $23.73.

XPeng Price Performance

Shares of NYSE XPEV traded down $0.30 during trading on Friday, reaching $17.92. The company had a trading volume of 2,650,120 shares, compared to its average volume of 9,795,865. XPeng has a 52 week low of $6.60 and a 52 week high of $27.16. The stock has a market cap of $17.00 billion, a PE ratio of -23.91 and a beta of 2.51. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.07 and a current ratio of 1.21. The business's 50 day moving average price is $18.81 and its 200-day moving average price is $18.95.

XPeng (NYSE:XPEV - Get Free Report) last posted its quarterly earnings results on Wednesday, May 21st. The company reported ($0.10) earnings per share for the quarter, topping analysts' consensus estimates of ($1.51) by $1.41. The business had revenue of $2.18 billion during the quarter, compared to the consensus estimate of $15.80 billion. XPeng had a negative net margin of 10.20% and a negative return on equity of 15.89%. Analysts expect that XPeng will post -0.96 earnings per share for the current year.

About XPeng

XPeng Inc designs, develops, manufactures, and markets smart electric vehicles (EVs) in the People's Republic of China. It offers SUVs under the G3, G3i, and G9 names; four-door sports sedans under the P7 and P7i names; and family sedans under the P5 name. The company also provides sales contracts, super charging, maintenance, technical support, auto financing, insurance, technology support, ride-hailing, automotive loan referral, and other services, as well as vehicle leasing and insurance agency services.

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