Tata Motors Limited (NYSE: TTM) Short interest rate down 30.0% in November


Tata Motors Limited (NYSE: TTM) was the target of a significant drop in short-term interest rates in November. As of November 15, there was short interest totaling 4,080,000 shares, a decrease of 30.0% from the October 31 total of 5,830,000 shares. About 0.6% of stocks are sold short. Based on an average trading volume of 1,890,000 shares, the day / coverage ratio is currently 2.2 days.

Institutional investors recently bought and sold stocks. Deutsche Bank AG increased its stake in Tata Motors by 2.1% in the 2nd quarter. Deutsche Bank AG now owns 500,858 shares of the company valued at $ 11,409,000 after purchasing an additional 10,486 shares during the period. LMR Partners LLP increased its stake in Tata Motors by 436.1% in the 2nd quarter. LMR Partners LLP now owns 1,247,087 shares of the company valued at $ 28,469,000 after purchasing an additional 1,014,455 shares during the period. Blueshift Asset Management LLC acquired a new position in Tata Motors in the 2nd quarter valued at approximately $ 876,000. Quadrant Capital Group LLC increased its stake in Tata Motors by 22.2% in the 2nd quarter. Quadrant Capital Group LLC now owns 15,635 shares of the company valued at $ 356,000 after purchasing an additional 2,838 shares during the period. Finally, Vident Investment Advisory LLC increased its stake in Tata Motors by 21.2% in the second quarter. Vident Investment Advisory LLC now owns 11,883 shares of the company valued at $ 271,000 after purchasing an additional 2,081 shares during the period. 7.96% of the shares are held by hedge funds and other institutional investors.

TTM has been the subject of a number of research analyst reports. Zacks investment research upgraded Tata Motors’ stock from a “sell” note to a “conservation” note in a research note dated Wednesday, September 29. Morgan Stanley upgraded Tata Motors’ shares from a “peer-to-peer” rating to an “overweight” rating in a research report released on Thursday, October 7. Four investment analysts rated the stock with a conservation rating and one assigned a buy rating to the company. According to MarketBeat data, Tata Motors currently has a consensus rating of “Hold” and a consensus price target of $ 23.00.

(A d)

This guide will help you assess and analyze your trading plan to create a personalized options trading strategy tailored to your risk profile and market outlook. Learn how to take your trading to the next level.

Tata Motors stock traded up $ 0.66 at midday on Thursday, reaching $ 31.94. The company’s shares had a trading volume of 42,229 shares, compared to its average volume of 1,765,609. The fifty-day moving average price of the stock is $ 30.39 and its two-hour moving average price. hundred days is $ 24.28. Tata Motors has a year-over-year low of $ 11.01 and a year-over-year high of $ 35.38. The company has a quick ratio of 0.72, a current ratio of 0.97, and a debt ratio of 2.19. The stock has a market cap of $ 19.73 billion, a P / E ratio of -12.98 and a beta of 2.03.

About Tata Motors

Tata Motors Ltd. is an automotive manufacturer whose portfolio includes a range of cars, utility vehicles, trucks, buses and defense vehicles. It operates through the Automotive and Other segments. The Automotive segment includes all activities related to the development, design, manufacture, assembly and sale of vehicles, including vehicle financing, as well as the sale of related parts and accessories.

Further Reading: Options Trading – What is a Straddle?

This instant news alert was powered by storytelling technology and financial data from MarketBeat to provide readers with the fastest, most accurate reports. This story was reviewed by the MarketBeat editorial team before publication. Please send any questions or comments about this story to [email protected]

Should you invest $ 1,000 in Tata Motors now?

Before you consider Tata Motors, you’ll want to hear this.

MarketBeat tracks Wall Street’s top-rated and top-performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat identified the five stocks that top analysts quietly whisper to their clients to buy now before the broader market takes hold … and Tata Motors was not on the list.

While Tata Motors currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better bets.

See the 5 actions here


Comments are closed.