Ford Motor Company (NYSE:F) Trading Up – Short Interest Up by 7.83%


Traders are a little more bearish on Ford Motor Company of late if you look at the increase in short interest. The stock recorded a rise in short interest of 7.83% between October 13, 2017 and October 31, 2017. Short shares increased from 107,153,649 to 115,546,234 over that period. With short interest at 115,546,234 and short average daily volume at 36,790,285, days to cover is 3.0 and the short interest percentage is 0.03% as of October 31.

The following firms have recently changed their position in F. Legal & General Group Plc added to its investment by buying 514,301 shares an increase of 5.2% as of 09/30/2017. Legal & General Group Plc currently owns 10,371,836 shares worth $124,155,000. The total value of its holdings increased 12.5%. Tiaa Cref Investment Management LLC downsized its stake by selling 1,238,337 shares a decrease of 8.2% in the quarter. Tiaa Cref Investment Management LLC claims 13,816,886 shares valued at $165,388,000. The value of the position overall is down by 1.8%.

As of quarter end Schwab Charles Investment Management Inc had bought a total of 542,008 shares growing its position 3.7%. The value of the total investment in Ford Motor Company increased from $163,560,000 to $181,448,000 a change of 10.9% since the last quarter. As of the end of the quarter Estabrook Capital Management had disposed of 93,289 shares trimming its stake by 13.6%. The value of the investment in F went from $7,656,053,000 to $7,073,049,000 a change of $583,004,000 quarter to quarter.

October 31 investment analysts at Morgan Stanley maintained a company rating of “Sell” projecting a price of $10.00. Equity analyst Citigroup raised the price target on October 30 changing the price objective from $12.00 to $13.00 and issued a “Neutral” recommendation.

Jefferies Group LLC raised the price target on October 30 boosting the projection from $12.00 to $13.00 with a rating of “Hold”. On October 30, 2017 Goldman Sachs Group, Inc. (The) reiterated a “Hold” rating on the company.

On October 16 analysts at Piper Jaffray Companies issued a report on F and giving a rating of “Buy” and projecting a price target of $14.00. On October 16 Royal Bank Of Canada held the company rating at “Sector Perform” targeting a price of $13.00.

The company is trading up from yesterday’s close of 12. The P/E ratio is 10.92 and the market value is 47.81B. As of the last earnings report the EPS was $1.10 with 3.99B shares presently outstanding.

Ford Motor Company, launched on July 9, 1919, is a global automotive and mobility company. The Business’s business includes designing, manufacturing, marketing, and servicing a 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. Ford Smart Mobility LLC and Central Treasury Operations are combined in All Other. The Business’s vehicle brands are Ford and Lincoln. The Company sells its dealerships for retail sale, it also sells vehicles to its dealerships for sale to fleet customers, including commercial fleet customers, daily rental car companies, and governments. The Company also sells parts and accessories, primarily to its dealerships (which in turn sell these products to retail customers) and to authorized parts distributors (which in turn primarily sell these products to retailers). The Company also offers extended service contracts..