Short Interest in Li Auto Inc. (NASDAQ:LI) Increases By 12.0%

Li Auto Inc. (NASDAQ:LIGet Rating) was the target of a large growth in short interest in the month of August. As of August 31st, there was short interest totalling 32,370,000 shares, a growth of 12.0% from the August 15th total of 28,900,000 shares. Based on an average daily trading volume, of 11,540,000 shares, the days-to-cover ratio is presently 2.8 days.

Institutional Trading of Li Auto

A number of institutional investors have recently bought and sold shares of the company. Captrust Financial Advisors lifted its position in shares of Li Auto by 584.1% in the first quarter. Captrust Financial Advisors now owns 1,074 shares of the company’s stock valued at $28,000 after acquiring an additional 917 shares in the last quarter. Elequin Capital LP acquired a new position in Li Auto in the first quarter valued at $32,000. CoreCap Advisors LLC acquired a new position in Li Auto in the second quarter valued at $54,000. Desjardins Global Asset Management Inc. acquired a new position in Li Auto in the second quarter valued at $70,000. Finally, Prospera Financial Services Inc acquired a new position in Li Auto in the first quarter valued at $65,000. 21.99% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on LI. CLSA began coverage on Li Auto in a research report on Monday, August 8th. They set a “buy” rating on the stock. Citigroup raised their target price on Li Auto from $26.80 to $58.60 and gave the stock a “buy” rating in a research report on Tuesday, June 21st. Finally, TheStreet lowered Li Auto from a “c” rating to a “d+” rating in a research report on Monday, September 12th. Twelve investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $42.69.

Li Auto Price Performance

Li Auto stock opened at $25.34 on Wednesday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 3.08 and a current ratio of 3.25. Li Auto has a 1-year low of $16.86 and a 1-year high of $41.49. The stock’s 50 day moving average price is $31.13 and its 200 day moving average price is $28.77.

Li Auto (NASDAQ:LIGet Rating) last posted its quarterly earnings results on Monday, August 15th. The company reported ($0.10) earnings per share for the quarter. Li Auto had a negative net margin of 0.90% and a negative return on equity of 0.79%. The business had revenue of $8.73 billion during the quarter, compared to analysts’ expectations of $9.50 billion. During the same quarter last year, the firm earned ($0.04) earnings per share. The firm’s quarterly revenue was up 73.3% compared to the same quarter last year. Equities analysts anticipate that Li Auto will post -0.4 EPS for the current year.

About Li Auto

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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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