Short Interest Watching: What Will Happen to Tata Motors Limited (NYSE:TTM) Next? The Stock Has Decline in Shorts

November 18, 2016 - By Clifton Ray   ·   0 Comments

Short Interest Watching: What Will Happen to Tata Motors Limited (NYSE:TTM) Next? The Stock Has Decline in Shorts

The stock of Tata Motors Limited (NYSE:TTM) registered a decrease of 26.01% in short interest. TTM’s total short interest was 5.79M shares in November as published by FINRA. Its down 26.01% from 7.83 million shares, reported previously. With 1.82M shares average volume, it will take short sellers 3 days to cover their TTM’s short positions. The short interest to Tata Motors Limited’s float is 1.24%. About 17,800 shares traded hands. Tata Motors Limited (ADR) (NYSE:TTM) has risen 12.05% since April 18, 2016 and is uptrending. It has outperformed by 7.62% the S&P500.

Tata Motors Limited is an automobile company. The company has a market cap of $22.42 billion. The Firm is engaged in manufacture of motor vehicles. It currently has negative earnings. The Firm is engaged mainly in the business of automobile products consisting of all types of commercial and passenger vehicles, including financing of the vehicles sold by the Company.

Tata Motors Limited (ADR) (NYSE:TTM) Ratings Coverage

Out of 5 analysts covering TTM Tech (NYSE:TTM), 3 rate it a “Buy”, 1 “Sell”, while 1 “Hold”. This means 60% are positive. TTM Tech has been the topic of 9 analyst reports since August 6, 2015 according to StockzIntelligence Inc. Bernstein downgraded the stock to “Mkt Perform” rating in Friday, September 9 report. The firm earned “Neutral” rating on Monday, June 27 by Credit Suisse. The stock has “Hold” rating given by Zacks on Friday, August 14. Stifel Nicolaus upgraded the shares of TTM in a report on Monday, August 10 to “Hold” rating. The firm has “Outperform” rating given on Tuesday, November 8 by Credit Suisse. The rating was upgraded by Bernstein to “Outperform” on Tuesday, November 3. As per Monday, November 23, the company rating was downgraded by Goldman Sachs. Stifel Nicolaus maintained it with “Buy” rating and $9.5 target price in Monday, January 11 report. Needham maintained the shares of TTM in a report on Thursday, August 6 with “Buy” rating.

TTM Company Profile

Tata Motors Limited, incorporated on September 1, 1945, is an automobile company. The Firm is engaged in manufacture of motor vehicles. The Company’s divisions include automotive activities and all other operations. The Firm is engaged mainly in the business of automobile products consisting of all types of commercial and passenger vehicles, including financing of the vehicles sold by the Company. The Firm markets its commercial and passenger vehicles in various countries in Africa, the Middle East, South East Asia, South Asia, Australia, and Russia and the Commonwealth of Independent States countries. The Firm operates in over 160 countries across the world.

More recent Tata Motors Limited (ADR) (NYSE:TTM) news were published by: Marketwatch.com which released: “/quotes/zigman/3870025/realtime” on July 12, 2009. Also Quotes.Wsj.com published the news titled: “DOW JONES, A NEWS CORP COMPANY” on February 11, 2011. Investorplace.com‘s news article titled: “Why Celator Pharmaceuticals Inc (CPXX), Tata Motors Limited (ADR) (TTM) and …” with publication date: May 31, 2016 was also an interesting one.

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By Clifton Ray


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