Fiat Chrysler Automobiles NV (NYSE:FCAU) saw a significant drop in short interest in the month of August. As of August 15th, there was short interest totalling 13,006,100 shares, a drop of 35.0% from the July 31st total of 20,009,136 shares. Based on an average daily volume of 5,176,224 shares, the days-to-cover ratio is presently 2.5 days.

Several equities research analysts have recently issued reports on FCAU shares. ValuEngine downgraded shares of Fiat Chrysler Automobiles from a “hold” rating to a “sell” rating in a research note on Thursday, September 6th. Jefferies Financial Group reiterated a “buy” rating and set a $22.00 price target on shares of Fiat Chrysler Automobiles in a research note on Friday, July 27th. HSBC assumed coverage on shares of Fiat Chrysler Automobiles in a research note on Tuesday, May 22nd. They set a “buy” rating on the stock. UBS Group upgraded shares of Fiat Chrysler Automobiles from a “neutral” rating to a “buy” rating in a research note on Tuesday, July 10th. Finally, MED upgraded shares of Fiat Chrysler Automobiles to a “neutral” rating in a research note on Friday, May 25th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $22.52.

Several institutional investors and hedge funds have recently modified their holdings of the stock. Sei Investments Co. boosted its position in Fiat Chrysler Automobiles by 7.5% during the 1st quarter. Sei Investments Co. now owns 36,830 shares of the company’s stock worth $756,000 after acquiring an additional 2,560 shares during the last quarter. IFP Advisors Inc boosted its position in Fiat Chrysler Automobiles by 43.6% during the 1st quarter. IFP Advisors Inc now owns 8,618 shares of the company’s stock worth $177,000 after acquiring an additional 2,616 shares during the last quarter. Strategic Global Advisors LLC boosted its position in Fiat Chrysler Automobiles by 35.2% during the 1st quarter. Strategic Global Advisors LLC now owns 13,897 shares of the company’s stock worth $285,000 after acquiring an additional 3,618 shares during the last quarter. Tower Research Capital LLC TRC boosted its position in Fiat Chrysler Automobiles by 154.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 6,107 shares of the company’s stock worth $115,000 after acquiring an additional 3,707 shares during the last quarter. Finally, Comerica Bank boosted its position in Fiat Chrysler Automobiles by 4.6% during the 1st quarter. Comerica Bank now owns 85,829 shares of the company’s stock worth $2,045,000 after acquiring an additional 3,788 shares during the last quarter. Institutional investors and hedge funds own 25.97% of the company’s stock.

Shares of FCAU stock traded up $0.04 on Friday, reaching $17.50. The company had a trading volume of 4,037,370 shares, compared to its average volume of 5,234,716. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.82 and a quick ratio of 0.53. The stock has a market cap of $34.03 billion, a PE ratio of 6.43, a price-to-earnings-growth ratio of 0.19 and a beta of 1.90. Fiat Chrysler Automobiles has a 12 month low of $15.33 and a 12 month high of $24.95.

Fiat Chrysler Automobiles (NYSE:FCAU) last announced its quarterly earnings results on Wednesday, July 25th. The company reported $0.62 EPS for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.37). Fiat Chrysler Automobiles had a net margin of 3.14% and a return on equity of 19.01%. The company had revenue of $28.99 billion during the quarter, compared to the consensus estimate of $28.99 billion. During the same period last year, the company earned $0.69 earnings per share. The business’s revenue was up 3.8% compared to the same quarter last year. research analysts anticipate that Fiat Chrysler Automobiles will post 3.63 earnings per share for the current year.

About Fiat Chrysler Automobiles

Fiat Chrysler Automobiles N.V., together with its subsidiaries, designs, engineers, manufactures, distributes, and sells vehicles, components, and production systems. The company operates through six segments: NAFTA, LATAM, APAC, EMEA, Maserati, and Components. It provides passenger cars, trucks, and light commercial vehicles under the Jeep, Ram, Dodge, Chrysler, Fiat, Fiat Professional, Alfa Romeo, and Abarth brands; and luxury vehicles under the Maserati brand, as well as related service parts and accessories, and service contracts under the Mopar brand.

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