General Motors Company Short Interest Up 19.9% in June (GM)
Shares of General Motors Company (NYSE:GM) were the target of a significant increase in short interest in June. As of June 13th, there was short interest totalling 41,491,666 shares, an increase of 19.9% from the May 30th total of 34,610,138 shares, Analyst Ratings Net reports. Based on an average daily volume of 16,181,637 shares, the days-to-cover ratio is currently 2.6 days. Approximately 3.1% of the shares of the company are short sold.
Several analysts have recently commented on the stock. Analysts at Morgan Stanley reiterated an “underweight” rating on shares of General Motors Company in a research note on Thursday, June 26th. They now have a $33.00 price target on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of General Motors Company in a research note on Friday, June 6th. They now have a $38.00 price target on the stock. Finally, analysts at Citigroup Inc. reiterated a “buy” rating on shares of General Motors Company in a research note on Wednesday, May 21st. They now have a $47.00 price target on the stock, down previously from $48.00. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $41.37.
General Motors Company (NYSE:GM) opened at 37.74 on Friday. General Motors Company has a one year low of $31.70 and a one year high of $41.85. The stock has a 50-day moving average of $35.65 and a 200-day moving average of $36.24. The company has a market cap of $60.524 billion and a price-to-earnings ratio of 20.16.
General Motors Company (NYSE:GM) last released its earnings data on Thursday, April 24th. The company reported $0.29 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.06 by $0.23. The company had revenue of $37.40 billion for the quarter, compared to the consensus estimate of $38.43 million. During the same quarter last year, the company posted $0.67 earnings per share. General Motors Company’s revenue was up 1.4% compared to the same quarter last year. Analysts expect that General Motors Company will post $3.05 EPS for the current fiscal year.
General Motors Corporation (NYSE:GM) designs, build and sell cars, trucks and automobiles parts globally.
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