Short Interest in Ford Motor (NYSE:F) Drops By 3.7%

Ford Motor (NYSE:F) was the target of a large decline in short interest in November. As of November 30th, there was short interest totalling 120,716,138 shares, a decline of 3.7% from the November 15th total of 125,374,020 shares. Based on an average daily trading volume, of 34,179,735 shares, the days-to-cover ratio is presently 3.5 days. Currently, 3.1% of the company’s stock are short sold.

In other Ford Motor news, insider Steven R. Armstrong sold 10,752 shares of the company’s stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of $12.32, for a total transaction of $132,464.64. Following the completion of the sale, the insider now owns 101,159 shares of the company’s stock, valued at $1,246,278.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Hau N. Thai-Tang sold 19,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $12.50, for a total value of $237,500.00. The disclosure for this sale can be found here. In the last three months, insiders sold 47,752 shares of company stock valued at $603,965. 1.08% of the stock is currently owned by company insiders.

Several hedge funds have recently made changes to their positions in the company. JFS Wealth Advisors LLC grew its holdings in shares of Ford Motor by 0.3% during the second quarter. JFS Wealth Advisors LLC now owns 10,997 shares of the auto manufacturer’s stock worth $123,000 after purchasing an additional 33 shares during the last quarter. Donaldson Capital Management LLC grew its holdings in shares of Ford Motor by 0.3% during the second quarter. Donaldson Capital Management LLC now owns 13,851 shares of the auto manufacturer’s stock worth $155,000 after purchasing an additional 43 shares during the last quarter. Gainplan LLC boosted its holdings in Ford Motor by 0.4% in the second quarter. Gainplan LLC now owns 11,072 shares of the auto manufacturer’s stock valued at $124,000 after acquiring an additional 45 shares during the last quarter. Berson & Corrado Investment Advisors LLC boosted its holdings in Ford Motor by 0.5% in the second quarter. Berson & Corrado Investment Advisors LLC now owns 14,270 shares of the auto manufacturer’s stock valued at $160,000 after acquiring an additional 70 shares during the last quarter. Finally, Coldstream Capital Management Inc. boosted its holdings in Ford Motor by 0.7% in the second quarter. Coldstream Capital Management Inc. now owns 12,205 shares of the auto manufacturer’s stock valued at $137,000 after acquiring an additional 89 shares during the last quarter. Institutional investors own 53.61% of the company’s stock.

A number of research analysts have recently commented on F shares. Zacks Investment Research upgraded Ford Motor from a “hold” rating to a “buy” rating and set a $15.00 price target for the company in a report on Tuesday. Royal Bank of Canada reiterated a “hold” rating and set a $14.00 price target on shares of Ford Motor in a report on Wednesday, December 20th. Cascend Securities lowered Ford Motor to a “buy” rating in a report on Tuesday, December 5th. ValuEngine upgraded Ford Motor from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Finally, Morgan Stanley restated an “equal weight” rating on shares of Ford Motor in a research note on Tuesday, November 28th. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and eight have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $12.66.

Ford Motor (NYSE:F) traded up $0.07 during trading on Friday, reaching $13.23. The company’s stock had a trading volume of 56,978,035 shares, compared to its average volume of 33,070,000. The company has a quick ratio of 1.08, a current ratio of 1.19 and a debt-to-equity ratio of 2.94. Ford Motor has a 1 year low of $10.47 and a 1 year high of $13.29. The firm has a market capitalization of $52,550.00, a price-to-earnings ratio of 12.03, a P/E/G ratio of 0.81 and a beta of 1.26.

Ford Motor (NYSE:F) last released its quarterly earnings data on Thursday, October 26th. The auto manufacturer reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.10. Ford Motor had a return on equity of 21.62% and a net margin of 2.91%. The firm had revenue of $33.65 billion during the quarter, compared to analyst estimates of $32.80 billion. During the same period in the prior year, the company posted $0.26 earnings per share. The business’s revenue for the quarter was up .9% compared to the same quarter last year. sell-side analysts forecast that Ford Motor will post 1.81 EPS for the current fiscal year.

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Ford Motor Company Profile

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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