Li Auto Inc. (NASDAQ:LI) Short Interest Up 22.8% in June


Li Auto Inc. (NASDAQ:LIGet Rating) saw a large increase in short interest in June. As of June 30th, there was short interest totalling 34,860,000 shares, an increase of 22.8% from the June 15th total of 28,380,000 shares. Based on an average daily trading volume, of 11,110,000 shares, the short-interest ratio is presently 3.1 days.

Institutional Trading of Li Auto

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. increased its position in Li Auto by 3.6% in the first quarter. BlackRock Inc. now owns 29,895,083 shares of the company’s stock worth $771,594,000 after buying an additional 1,052,229 shares in the last quarter. Tiger Global Management LLC boosted its stake in shares of Li Auto by 167.3% in the first quarter. Tiger Global Management LLC now owns 19,791,714 shares of the company’s stock worth $510,824,000 after acquiring an additional 12,388,725 shares during the period. Vanguard Group Inc. boosted its stake in shares of Li Auto by 1.2% in the first quarter. Vanguard Group Inc. now owns 15,182,893 shares of the company’s stock worth $391,871,000 after acquiring an additional 176,651 shares during the period. State Street Corp boosted its stake in shares of Li Auto by 3.1% in the fourth quarter. State Street Corp now owns 9,732,259 shares of the company’s stock worth $312,406,000 after acquiring an additional 293,940 shares during the period. Finally, Xiamen Xinweidachuang Investment Partnership Limited Partnership bought a new position in shares of Li Auto in the fourth quarter worth about $221,102,000. Hedge funds and other institutional investors own 21.74% of the company’s stock.

Li Auto Stock Up 2.0 %

Li Auto stock opened at $36.58 on Friday. The stock has a market cap of $37.53 billion, a PE ratio of 3,658.00 and a beta of 0.65. The company has a debt-to-equity ratio of 0.17, a quick ratio of 3.76 and a current ratio of 3.89. Li Auto has a one year low of $16.86 and a one year high of $41.49. The stock has a fifty day moving average of $31.96 and a 200 day moving average of $28.30.

Li Auto (NASDAQ:LIGet Rating) last posted its quarterly earnings data on Tuesday, May 10th. The company reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of ($0.56) by $0.79. The company had revenue of $9.56 billion during the quarter, compared to analysts’ expectations of $9.51 billion. Li Auto had a return on equity of 0.08% and a net margin of 0.09%. Li Auto’s revenue for the quarter was up 167.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.06) earnings per share. As a group, sell-side analysts predict that Li Auto will post -0.82 EPS for the current year.

Wall Street Analyst Weigh In

LI has been the topic of a number of analyst reports. Bank of America decreased their price target on Li Auto from $35.00 to $33.00 in a research note on Tuesday, May 10th. HSBC assumed coverage on Li Auto in a research note on Friday, April 1st. They issued a “buy” rating and a $35.00 price target on the stock. TheStreet raised Li Auto from a “d” rating to a “c-” rating in a research note on Monday, June 6th. initiated coverage on Li Auto in a research report on Thursday, March 24th. They set a “buy” rating and a $37.20 price target on the stock. Finally, UBS Group boosted their target price on Li Auto from $47.00 to $52.00 and gave the stock a “buy” rating in a report on Monday, April 4th. Twelve equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Li Auto presently has a consensus rating of “Buy” and a consensus target price of $42.69.

Li Auto Company Profile

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Li Auto Inc, through its subsidiaries, designs, develops, manufactures, and sells new energy vehicles in the People’s Republic of China. The company provides Li ONE, a six-seat smart electric sport utility vehicle that is equipped with smart vehicle solutions, navigation on ADAS, and automatic emergency breaking functionalities.

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