Short Interest in Ford Motor (F) Drops By 9.9%
Ford Motor (NYSE:F) saw a large decline in short interest in the month of December. As of December 29th, there was short interest totalling 111,379,314 shares, a decline of 9.9% from the December 15th total of 123,632,143 shares. Currently, 2.9% of the shares of the company are sold short. Based on an average daily volume of 18,641,774 shares, the days-to-cover ratio is presently 6.0 days.
Several analysts have recently weighed in on F shares. Zacks Investment Research upgraded shares of Ford Motor from a “hold” rating to a “buy” rating and set a $14.00 target price on the stock in a research report on Tuesday, December 26th. Morgan Stanley reiterated an “equal weight” rating on shares of Ford Motor in a research report on Tuesday, November 28th. Vetr upgraded shares of Ford Motor from a “hold” rating to a “buy” rating and set a $13.34 target price on the stock in a research report on Wednesday, October 4th. ValuEngine upgraded shares of Ford Motor from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $13.00 price target on shares of Ford Motor in a research report on Monday, October 16th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eight have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $12.66.
In other news, insider Steven R. Armstrong sold 10,752 shares of Ford Motor stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $12.32, for a total transaction of $132,464.64. Following the sale, the insider now directly owns 101,159 shares in the company, valued at approximately $1,246,278.88. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Hau N. Thai-Tang sold 18,000 shares of Ford Motor stock in a transaction dated Thursday, January 4th. The shares were sold at an average price of $13.00, for a total transaction of $234,000.00. Following the sale, the insider now owns 14,358 shares in the company, valued at $186,654. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 47,752 shares of company stock worth $603,965. Insiders own 1.08% of the company’s stock.
Ford Motor (NYSE F) opened at $13.23 on Tuesday. The company has a market cap of $52,550.00, a PE ratio of 12.03, a price-to-earnings-growth ratio of 0.81 and a beta of 1.26. Ford Motor has a 12-month low of $10.47 and a 12-month high of $13.29. The company has a debt-to-equity ratio of 2.94, a current ratio of 1.19 and a quick ratio of 1.08.
Ford Motor (NYSE:F) last released its quarterly earnings results on Thursday, October 26th. The auto manufacturer reported $0.43 EPS for the quarter, beating the Zacks’ consensus estimate of $0.33 by $0.10. The firm had revenue of $33.65 billion for the quarter, compared to analyst estimates of $32.80 billion. Ford Motor had a net margin of 2.91% and a return on equity of 21.62%. The company’s revenue for the quarter was up .9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.26 earnings per share. equities research analysts predict that Ford Motor will post 1.81 EPS for the current year.
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About Ford Motor
Ford Motor Company is a global automotive and mobility company. The Company’s business includes designing, manufacturing, marketing, and servicing a full line of Ford cars, trucks, and sport utility vehicles (SUVs), as well as Lincoln luxury vehicles. The Company operates in four segments: Automotive, Financial Services, Ford Smart Mobility LLC, and Central Treasury Operations.
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