Short Interest Reporting: Time to Reconsider Dana Holdings Corporation (NYSE:DAN) After More Short Sellers?

December 1, 2016 - By Clifton Ray   ·   0 Comments

Short Interest Reporting: Time to Reconsider Dana Holdings Corporation (NYSE:DAN) After More Short Sellers?

The stock of Dana Holdings Corporation (NYSE:DAN) registered an increase of 44% in short interest. DAN’s total short interest was 4.17M shares in December as published by FINRA. Its up 44% from 2.89M shares, reported previously. With 2.20 million shares average volume, it will take short sellers 2 days to cover their DAN’s short positions. The short interest to Dana Holdings Corporation’s float is 2.91%. The stock decreased 0.12% or $0.02 during the last trading session, hitting $16.89. Dana Inc (NYSE:DAN) has risen 30.02% since April 28, 2016 and is uptrending. It has outperformed by 24.10% the S&P500.

Dana Inc, formerly Dana Holding Corporation, is a well-known provider of high technology driveline, sealing and thermal-management products. The company has a market cap of $2.43 billion. The Firm offers its products to vehicle manufacturers in the global light vehicle, medium/heavy vehicle and off-highway markets. It has a 34.74 P/E ratio. The Firm operates in four divisions: Light Vehicle Driveline Technologies , Commercial Vehicle Driveline Technologies (Commercial Vehicle), Off-Highway Driveline Technologies (Off-Highway) and Power Technologies.

Insitutional Activity: The institutional sentiment decreased to 0.89 in Q2 2016. Its down 0.26, from 1.15 in 2016Q1. The ratio is negative, as 33 funds sold all Dana Inc shares owned while 65 reduced positions. 35 funds bought stakes while 78 increased positions. They now own 140.54 million shares or 6.39% less from 150.13 million shares in 2016Q1.
Arizona State Retirement System reported 57,837 shares or 0.01% of all its holdings. Martingale Asset Mngmt Lp reported 90,748 shares or 0.02% of all its holdings. Moreover, Systematic Fincl Mngmt Ltd Partnership has 0.05% invested in Dana Inc (NYSE:DAN) for 315,027 shares. The Massachusetts-based State Street Corporation has invested 0.01% in Dana Inc (NYSE:DAN). Gamco Invsts Et Al, a New York-based fund reported 5.57 million shares. Comerica Bancorporation holds 408,756 shares or 0.05% of its portfolio. Guggenheim Cap Ltd Liability Corporation holds 0.01% of its portfolio in Dana Inc (NYSE:DAN) for 228,183 shares. Panagora Asset accumulated 87,460 shares or 0% of the stock. Advsr Mngmt Limited Liability accumulated 0.22% or 205,657 shares. The New York-based Blackrock has invested 0% in Dana Inc (NYSE:DAN). Eaton Vance Mgmt holds 0% or 116,272 shares in its portfolio. Moreover, Dreman Value Management L L C has 0.01% invested in Dana Inc (NYSE:DAN) for 865 shares. Clearbridge Investments Lc owns 353,611 shares or 0% of their US portfolio. Independent Consultants Inc reported 3,120 shares or 0.01% of all its holdings. Highbridge Ltd Com has 27,840 shares for 0% of their US portfolio.

Insider Transactions: Since August 23, 2016, the stock had 0 insider purchases, and 2 sales for $227,492 net activity. SCHULZ MARK A had sold 5,444 shares worth $78,557 on Tuesday, August 23.

Dana Inc (NYSE:DAN) Ratings Coverage

Out of 4 analysts covering Dana Holding Corp (NYSE:DAN), 1 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 25% are positive. Dana Holding Corp has been the topic of 17 analyst reports since September 28, 2015 according to StockzIntelligence Inc. As per Thursday, November 10, the company rating was downgraded by FBR Capital. The stock of Dana Inc (NYSE:DAN) earned “Equal Weight” rating by Barclays Capital on Friday, October 23. RBC Capital Markets maintained the stock with “Sector Perform” rating in Friday, October 23 report. The company was maintained on Friday, February 19 by FBR Capital. Deutsche Bank maintained Dana Inc (NYSE:DAN) on Friday, October 23 with “Hold” rating. The stock of Dana Inc (NYSE:DAN) has “Overweight” rating given on Friday, September 16 by Barclays Capital. FBR Capital maintained it with “Outperform” rating and $21.0 target price in Friday, October 23 report. The company was maintained on Friday, July 22 by RBC Capital Markets. The firm has “Equalweight” rating by Barclays Capital given on Monday, January 25.

DAN Company Profile

Dana Inc, formerly Dana Holding Corporation, incorporated on December 7, 2007, is a well-known provider of high technology driveline, sealing and thermal-management products. The Firm offers its products to vehicle manufacturers in the global light vehicle, medium/heavy vehicle and off-highway markets. The Firm operates in four divisions: Light Vehicle Driveline Technologies (Light Vehicle), Commercial Vehicle Driveline Technologies (Commercial Vehicle), Off-Highway Driveline Technologies (Off-Highway) and Power Technologies. It has activities in North America, South America, Europe and Asia pacific.

More news for Dana Inc (NYSE:DAN) were recently published by: Toledoblade.com, which released: “Dana Inc. reported dip in 3rd-quarter results” on October 21, 2016. Toledoblade.com‘s article titled: “Dana Holding changes name to Dana Inc.” and published on July 21, 2016 is yet another important article.

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By Clifton Ray


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