Ford Motor Company Short Interest Up 12.4% in June (F)
Shares of Ford Motor Company (NYSE:F) were the target of a large growth in short interest during the month of June. As of June 13th, there was short interest totalling 76,943,545 shares, a growth of 12.4% from the May 30th total of 68,443,669 shares, American Banking News reports. Currently, 2.0% of the shares of the company are short sold. Based on an average daily volume of 27,306,730 shares, the short-interest ratio is currently 2.8 days.
A number of research firms have recently commented on F. Analysts at Morgan Stanley reiterated an “overweight” rating on shares of Ford Motor Company in a research note on Tuesday, June 24th. They now have a $17.00 price target on the stock. Separately, analysts at Zacks upgraded shares of Ford Motor Company from an “underperform” rating to a “neutral” rating in a research note on Wednesday, June 11th. They now have a $18.00 price target on the stock. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of Ford Motor Company in a research note on Monday, April 28th. They now have a $19.00 price target on the stock. Nine research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $19.00.
Shares of Ford Motor Company (NYSE:F) opened at 17.32 on Friday. Ford Motor Company has a 52-week low of $14.40 and a 52-week high of $18.02. The stock’s 50-day moving average is $16.63 and its 200-day moving average is $15.88. The company has a market cap of $68.488 billion and a price-to-earnings ratio of 10.72.
Ford Motor Company (NYSE:F) last released its earnings data on Friday, April 25th. The company reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by $0.06. The company had revenue of $35.60 billion for the quarter, compared to the consensus estimate of $34.06 billion. During the same quarter in the previous year, the company posted $0.41 earnings per share. The company’s revenue for the quarter was up .0% on a year-over-year basis. Analysts expect that Ford Motor Company will post $1.32 EPS for the current fiscal year.
Ford Motor Company (NYSE:F) is a producer of automobiles.
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