CNH Industrial NV (NYSE:CNHI) Short Interest Update

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CNH Industrial NV (NYSE:CNHI) was the recipient of a significant increase in short interest in the month of May. As of May 31st, there was short interest totalling 8,650,800 shares, an increase of 25.4% from the April 30th total of 6,899,000 shares. Currently, 0.9% of the company’s shares are sold short. Based on an average daily volume of 2,080,000 shares, the days-to-cover ratio is presently 4.2 days.

CNHI has been the subject of several research reports. TheStreet upgraded shares of CNH Industrial from a “c” rating to a “b” rating in a research note on Wednesday, May 15th. ValuEngine upgraded shares of CNH Industrial from a “sell” rating to a “hold” rating in a research note on Tuesday, April 16th. Deutsche Bank upgraded shares of CNH Industrial from a “sell” rating to a “hold” rating and set a $10.00 price objective for the company in a research note on Tuesday. Finally, Zacks Investment Research downgraded shares of CNH Industrial from a “buy” rating to a “hold” rating in a research note on Tuesday, April 16th. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $12.50.

CNHI traded up $0.13 during trading on Thursday, hitting $10.24. 24,386 shares of the company’s stock were exchanged, compared to its average volume of 1,561,892. The company has a quick ratio of 4.03, a current ratio of 5.33 and a debt-to-equity ratio of 4.42. CNH Industrial has a 1 year low of $8.41 and a 1 year high of $12.68. The company has a market cap of $13.32 billion, a P/E ratio of 12.79 and a beta of 1.27.

CNH Industrial (NYSE:CNHI) last released its quarterly earnings data on Tuesday, May 7th. The company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.03. CNH Industrial had a net margin of 3.84% and a return on equity of 23.01%. The company had revenue of $6.46 billion during the quarter, compared to the consensus estimate of $6.76 billion. During the same period in the previous year, the firm earned $0.14 earnings per share. CNH Industrial’s revenue for the quarter was down 4.7% on a year-over-year basis. Research analysts anticipate that CNH Industrial will post 0.87 earnings per share for the current year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CNHI. Penserra Capital Management LLC purchased a new stake in CNH Industrial during the fourth quarter worth approximately $35,000. Neuburgh Advisers LLC lifted its position in shares of CNH Industrial by 1,064.3% during the fourth quarter. Neuburgh Advisers LLC now owns 7,824 shares of the company’s stock worth $70,000 after purchasing an additional 7,152 shares in the last quarter. Cigna Investments Inc. New lifted its position in shares of CNH Industrial by 17.7% during the fourth quarter. Cigna Investments Inc. New now owns 14,525 shares of the company’s stock worth $131,000 after purchasing an additional 2,188 shares in the last quarter. BNP Paribas Arbitrage SA acquired a new position in shares of CNH Industrial during the first quarter worth $146,000. Finally, Oppenheimer Asset Management Inc. lifted its position in shares of CNH Industrial by 1,606.4% during the first quarter. Oppenheimer Asset Management Inc. now owns 14,453 shares of the company’s stock worth $147,000 after purchasing an additional 13,606 shares in the last quarter. Institutional investors own 21.02% of the company’s stock.

About CNH Industrial

CNH Industrial N.V. designs, produces, markets, sells, and finances agricultural and construction equipment, trucks, commercial vehicles, and buses worldwide. The company operates in five segments: Agricultural Equipment, Construction Equipment, Commercial Vehicles, Powertrain, and Financial Services.

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