Short Interest in General Motors (GM) Decreases By 13.1%

General Motors (NYSE:GM) (TSE:GMM.U) was the target of a significant decline in short interest in January. As of January 31st, there was short interest totalling 35,247,137 shares, a decline of 13.1% from the January 12th total of 40,566,686 shares. Based on an average trading volume of 13,692,570 shares, the short-interest ratio is currently 2.6 days. Approximately 2.8% of the company’s stock are short sold.

Several equities research analysts recently commented on the stock. Vetr raised shares of General Motors from a “sell” rating to a “hold” rating and set a $40.24 price objective on the stock in a research note on Monday. Berenberg Bank set a $34.00 price objective on shares of General Motors and gave the stock a “sell” rating in a research note on Wednesday, February 7th. Nomura set a $45.00 target price on shares of General Motors and gave the stock a “neutral” rating in a research note on Thursday, February 8th. Jefferies Group upped their target price on shares of General Motors from $36.00 to $40.00 and gave the stock a “hold” rating in a research note on Monday, October 30th. Finally, Zacks Investment Research upgraded shares of General Motors from a “sell” rating to a “hold” rating in a research note on Tuesday, January 9th. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $44.32.

In related news, EVP Stefan Jacoby sold 37,961 shares of the business’s stock in a transaction dated Tuesday, December 5th. The shares were sold at an average price of $42.87, for a total transaction of $1,627,388.07. Following the sale, the executive vice president now owns 98,340 shares of the company’s stock, valued at $4,215,835.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Barry L. Engle II sold 50,443 shares of the business’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $43.08, for a total transaction of $2,173,084.44. Following the sale, the insider now directly owns 57,091 shares in the company, valued at approximately $2,459,480.28. The disclosure for this sale can be found here. Insiders have sold 168,847 shares of company stock worth $7,363,108 in the last three months. 0.04% of the stock is currently owned by insiders.

A number of institutional investors have recently modified their holdings of GM. Paradigm Financial Advisors LLC increased its holdings in General Motors by 11.3% during the second quarter. Paradigm Financial Advisors LLC now owns 7,462 shares of the auto manufacturer’s stock valued at $261,000 after buying an additional 755 shares during the last quarter. Canal Capital Management LLC increased its holdings in General Motors by 5.5% during the third quarter. Canal Capital Management LLC now owns 21,392 shares of the auto manufacturer’s stock valued at $864,000 after buying an additional 1,118 shares during the last quarter. Cetera Investment Advisers increased its holdings in General Motors by 7.2% during the second quarter. Cetera Investment Advisers now owns 17,425 shares of the auto manufacturer’s stock valued at $602,000 after buying an additional 1,176 shares during the last quarter. Fox Run Management L.L.C. increased its holdings in General Motors by 3.1% during the fourth quarter. Fox Run Management L.L.C. now owns 38,782 shares of the auto manufacturer’s stock valued at $1,590,000 after buying an additional 1,182 shares during the last quarter. Finally, Reliance Trust Co. of Delaware increased its holdings in General Motors by 18.2% during the third quarter. Reliance Trust Co. of Delaware now owns 7,812 shares of the auto manufacturer’s stock valued at $315,000 after buying an additional 1,201 shares during the last quarter. Institutional investors own 73.38% of the company’s stock.

General Motors (NYSE GM) opened at $42.00 on Tuesday. The firm has a market cap of $59,660.00, a P/E ratio of -1,400.00, a P/E/G ratio of 0.66 and a beta of 1.59. General Motors has a 52-week low of $31.92 and a 52-week high of $46.76. The company has a current ratio of 0.89, a quick ratio of 0.76 and a debt-to-equity ratio of 1.86.

General Motors (NYSE:GM) (TSE:GMM.U) last issued its quarterly earnings data on Tuesday, February 6th. The auto manufacturer reported $1.65 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.34 by $0.31. The company had revenue of $34.48 billion for the quarter, compared to the consensus estimate of $34.28 billion. General Motors had a negative net margin of 2.58% and a positive return on equity of 22.86%. The firm’s revenue for the quarter was down 7.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.28 earnings per share. equities analysts expect that General Motors will post 6.24 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 23rd. Investors of record on Friday, March 9th will be given a dividend of $0.38 per share. The ex-dividend date is Thursday, March 8th. This represents a $1.52 dividend on an annualized basis and a yield of 3.62%. General Motors’s dividend payout ratio (DPR) is -5,066.67%.

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About General Motors

General Motors Company designs, builds and sells cars, trucks, crossovers and automobile parts. The Company’s segments include GM North America (GMNA), GM Europe (GME), GM International Operations (GMIO), GM South America (GMSA) and General Motors Financial Company, Inc (GM Financial). The Company provides automotive financing services through General Motors Financial Company, Inc The Company develops, manufactures and/or markets vehicles in North America under the brands, including Buick, Cadillac, Chevrolet and GMC.

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