Short Interest in Stellantis (NYSE:STLA) Drops By 17.4%

Stellantis (NYSE:STLA) saw a significant decrease in short interest during the month of April. As of April 15th, there was short interest totalling 13,930,000 shares, a decrease of 17.4% from the March 31st total of 16,870,000 shares. Based on an average daily volume of 5,650,000 shares, the short-interest ratio is presently 2.5 days. Approximately 0.7% of the shares of the stock are sold short.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Piper Sandler started coverage on Stellantis in a research report on Friday, March 15th. They set an “overweight” rating and a $39.00 price objective for the company. Morgan Stanley lifted their price objective on Stellantis from $26.00 to $30.40 and gave the stock an “overweight” rating in a research report on Thursday, April 11th. Redburn Atlantic began coverage on shares of Stellantis in a report on Wednesday, January 24th. They issued a “buy” rating on the stock. Nomura reaffirmed a “neutral” rating on shares of Stellantis in a research note on Wednesday, March 13th. Finally, HSBC lowered shares of Stellantis from a “buy” rating to a “hold” rating in a research report on Wednesday, January 24th. One analyst has rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $30.28.

Stellantis Price Performance

Stellantis stock traded up $0.19 during trading on Monday, reaching $24.93. The company had a trading volume of 4,030,153 shares, compared to its average volume of 5,440,519. Stellantis has a 12-month low of $15.07 and a 12-month high of $29.51. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.24 and a quick ratio of 0.95. The stock’s 50 day moving average price is $26.95 and its two-hundred day moving average price is $23.47.

Stellantis Announces Dividend

The business also recently disclosed an annual dividend, which will be paid on Friday, May 3rd. Stockholders of record on Tuesday, April 23rd will be paid a dividend of $1.147 per share. The ex-dividend date of this dividend is Monday, April 22nd. This represents a dividend yield of 4.55%.

Insider Buying and Selling at Stellantis

In other news, major shareholder N.V. Stellantis purchased 750,000 shares of the business’s stock in a transaction dated Friday, March 15th. The stock was acquired at an average price of $5.19 per share, with a total value of $3,892,500.00. Following the purchase, the insider now directly owns 39,351,720 shares of the company’s stock, valued at approximately $204,235,426.80. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Over the last 90 days, insiders have bought 3,150,000 shares of company stock valued at $15,724,500.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. IFP Advisors Inc increased its position in Stellantis by 20.6% during the 3rd quarter. IFP Advisors Inc now owns 3,495 shares of the company’s stock worth $67,000 after purchasing an additional 598 shares in the last quarter. Global Retirement Partners LLC raised its stake in shares of Stellantis by 953.6% in the 3rd quarter. Global Retirement Partners LLC now owns 2,318 shares of the company’s stock valued at $43,000 after acquiring an additional 2,098 shares during the period. Ballentine Partners LLC raised its stake in shares of Stellantis by 5.3% in the 3rd quarter. Ballentine Partners LLC now owns 14,514 shares of the company’s stock valued at $278,000 after acquiring an additional 736 shares during the period. Trust Co. of Toledo NA OH acquired a new position in shares of Stellantis during the 3rd quarter valued at $740,000. Finally, Golden State Equity Partners lifted its stake in shares of Stellantis by 5.2% during the third quarter. Golden State Equity Partners now owns 34,230 shares of the company’s stock worth $655,000 after purchasing an additional 1,699 shares in the last quarter. 59.48% of the stock is owned by hedge funds and other institutional investors.

Stellantis Company Profile

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.