Ford Motor Company Short Interest Up 5.9% in July (F)
Ford Motor Company (NYSE:F) was the target of a large growth in short interest in the month of July. As of July 31st, there was short interest totalling 75,215,684 shares, a growth of 5.9% from the July 15th total of 71,003,193 shares, AnalystRatingsNetwork.com reports. Currently, 1.9% of the shares of the company are sold short. Based on an average daily trading volume, of 33,182,110 shares, the short-interest ratio is currently 2.3 days.
In other Ford Motor Company news, VP Nicholas J. Smither unloaded 54,748 shares of Ford Motor Company stock on the open market in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $17.35, for a total transaction of $949,877.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
A number of analysts have recently weighed in on F shares. Analysts at Credit Suisse initiated coverage on shares of Ford Motor Company in a research note on Wednesday. They set a “neutral” rating and a $18.00 price target on the stock. Separately, analysts at Stifel Nicolaus upgraded shares of Ford Motor Company from a “hold” rating to a “buy” rating in a research note on Tuesday. They now have a $22.00 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 Friday, July 25th. They now have a $20.00 price target on the stock, up previously from $19.00. Nine research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $19.38.
Shares of Ford Motor Company (NYSE:F) opened at 17.43 on Friday. Ford Motor Company has a 52 week low of $14.40 and a 52 week high of $18.12. The stock’s 50-day moving average is $17.36 and its 200-day moving average is $16.19. The company has a market cap of $67.602 billion and a price-to-earnings ratio of 10.71.
Ford Motor Company (NYSE:F) last announced its earnings results on Thursday, July 24th. The company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by $0.06. The company had revenue of $37.40 billion for the quarter, compared to the consensus estimate of $38.13 billion. During the same quarter in the previous year, the company posted $0.45 earnings per share. The company’s revenue for the quarter was down 1.9% on a year-over-year basis. Analysts expect that Ford Motor Company will post $1.33 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, September 2nd. Stockholders of record on Friday, August 1st will be given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 2.87%. The ex-dividend date of this dividend is Wednesday, July 30th.
Ford Motor Company (NYSE:F) is a producer of automobiles.
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