CNH Industrial NV (NYSE:CNHI) Sees Significant Growth in Short Interest

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CNH Industrial NV (NYSE:CNHI) was the recipient of a large growth in short interest during the month of August. As of August 31st, there was short interest totalling 10,936,200 shares, a growth of 40.0% from the July 31st total of 7,810,400 shares. Based on an average daily trading volume, of 1,580,000 shares, the days-to-cover ratio is currently 6.9 days. Currently, 1.1% of the shares of the company are sold short.

A number of research firms have issued reports on CNHI. UBS Group raised their target price on CNH Industrial from $13.00 to $14.00 and gave the company a “buy” rating in a report on Wednesday. Deutsche Bank raised CNH Industrial from a “sell” rating to a “hold” rating and set a $10.00 target price on the stock in a report on Tuesday, June 18th. Morgan Stanley raised CNH Industrial from an “equal weight” rating to an “overweight” rating in a report on Monday, August 19th. Stephens set a $10.00 target price on CNH Industrial and gave the company a “hold” rating in a report on Thursday, August 29th. Finally, ValuEngine lowered CNH Industrial from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $11.70.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CNHI. Compagnie Lombard Odier SCmA grew its holdings in CNH Industrial by 98.7% in the 2nd quarter. Compagnie Lombard Odier SCmA now owns 5,962 shares of the company’s stock valued at $61,000 after buying an additional 2,962 shares during the last quarter. Neuburgh Advisers LLC grew its holdings in shares of CNH Industrial by 17.8% during the 2nd quarter. Neuburgh Advisers LLC now owns 9,216 shares of the company’s stock worth $95,000 after purchasing an additional 1,392 shares in the last quarter. Riverhead Capital Management LLC grew its holdings in shares of CNH Industrial by 18.6% during the 2nd quarter. Riverhead Capital Management LLC now owns 10,200 shares of the company’s stock worth $105,000 after purchasing an additional 1,600 shares in the last quarter. Jefferies Group LLC acquired a new stake in shares of CNH Industrial during the 2nd quarter worth approximately $118,000. Finally, Janney Montgomery Scott LLC acquired a new stake in shares of CNH Industrial during the 2nd quarter worth approximately $125,000. 18.86% of the stock is currently owned by hedge funds and other institutional investors.

CNHI traded up $0.16 during midday trading on Friday, reaching $11.20. The company’s stock had a trading volume of 2,575,200 shares, compared to its average volume of 1,707,293. The stock has a market cap of $14.61 billion, a P/E ratio of 14.00 and a beta of 1.38. The company has a fifty day simple moving average of $9.75 and a 200 day simple moving average of $10.10. The company has a current ratio of 5.34, a quick ratio of 4.01 and a debt-to-equity ratio of 4.44. CNH Industrial has a twelve month low of $8.41 and a twelve month high of $12.68.

CNH Industrial (NYSE:CNHI) last released its earnings results on Thursday, August 1st. The company reported $0.31 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.29 by $0.02. The firm had revenue of $7.57 billion for the quarter, compared to analyst estimates of $7.80 billion. CNH Industrial had a return on equity of 22.56% and a net margin of 3.97%. The company’s revenue was down 5.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.28 EPS. Sell-side analysts expect that CNH Industrial will post 0.85 earnings per share for the current year.

CNH Industrial Company Profile

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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