Fiat Chrysler Automobiles N.V. (FCAU) : 2 investment research analysts covering Fiat Chrysler Automobiles N.V. (FCAU) have an average price target of $9.5 for the near short term. The highest target price given by the Brokerage Firm to the stock is $11 and the lowest target is $8 for the short term. Analysts expect the variance to be within $2.12 of the average price.
Fiat Chrysler Automobiles N.V. (FCAU) has seen a shortfall of 6,163,565 shares or 7.9% in the short interest. The remaining shorts are 8% of the total floated shares. The net short interest, as on June 30,2016, stood at 71,666,881 shares and the stocks days to cover will be 12 by factoring in the average per day volume of 5,819,175 shares. On June 15,2016, 77,830,446 shares were shorted. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.
Also, Brokerage firm Barclays downgrades its rating on Fiat Chrysler Automobiles N.V. (NYSE:FCAU). The shares have been rated Underweight. Previously, the analysts had a Overweight rating on the shares. The rating by the firm was issued on July 6, 2016.
Fiat Chrysler Automobiles N.V. (NYSE:FCAU): stock turned positive on Thursday. Though the stock opened at $6.72, the bulls momentum made the stock top out at $6.77 level for the day. The stock recorded a low of $6.685 and closed the trading day at $6.76, in the green by 3.05%. The total traded volume for the day was 6,608,493. The stock had closed at $6.56 in the previous days trading.