Li Auto Inc. (NASDAQ:LI) Short Interest Down 24.2% in May

Li Auto Inc. (NASDAQ:LI) saw a significant decrease in short interest during the month of May. As of May 15th, there was short interest totalling 17,280,000 shares, a decrease of 24.2% from the April 30th total of 22,800,000 shares. Based on an average trading volume of 6,230,000 shares, the days-to-cover ratio is presently 2.8 days. Approximately 3.2% of the shares of the company are sold short.

Li Auto Price Performance

LI stock opened at $29.51 on Wednesday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.64 and a current ratio of 1.76. The company’s fifty day moving average price is $25.43 and its 200-day moving average price is $25.02. Li Auto has a one year low of $17.44 and a one year high of $33.12. The company has a market capitalization of $30.90 billion, a PE ratio of 21.86, a price-to-earnings-growth ratio of 3.27 and a beta of 0.98.

Li Auto (NASDAQ:LI) last announced its quarterly earnings results on Thursday, May 29th. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.01). The company had revenue of $3.53 billion during the quarter, compared to analysts’ expectations of $3.45 billion. Li Auto had a return on equity of 13.03% and a net margin of 7.20%. The firm’s revenue for the quarter was up 1.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.21 EPS. On average, equities analysts anticipate that Li Auto will post 0.96 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

LI has been the subject of several analyst reports. Nomura Securities raised shares of Li Auto to a “hold” rating in a report on Monday, March 17th. HSBC set a $38.50 price objective on shares of Li Auto and gave the company a “buy” rating in a research report on Thursday, March 6th. JPMorgan Chase & Co. raised shares of Li Auto from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $22.00 to $40.00 in a report on Friday, February 28th. Macquarie lowered Li Auto from an “outperform” rating to a “neutral” rating and set a $27.00 price target for the company. in a research note on Monday, March 17th. Finally, Cfra Research raised Li Auto to a “strong sell” rating in a report on Friday, March 21st. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Li Auto currently has a consensus rating of “Hold” and an average price target of $32.85.

Institutional Trading of Li Auto

A number of large investors have recently added to or reduced their stakes in LI. Signaturefd LLC increased its holdings in shares of Li Auto by 4.4% in the 4th quarter. Signaturefd LLC now owns 10,184 shares of the company’s stock worth $244,000 after buying an additional 428 shares during the last quarter. Daiwa Securities Group Inc. lifted its holdings in shares of Li Auto by 16.7% in the 4th quarter. Daiwa Securities Group Inc. now owns 3,500 shares of the company’s stock valued at $84,000 after acquiring an additional 500 shares during the last quarter. PNC Financial Services Group Inc. grew its position in Li Auto by 9.6% in the first quarter. PNC Financial Services Group Inc. now owns 6,134 shares of the company’s stock worth $155,000 after acquiring an additional 538 shares in the last quarter. Laird Norton Wetherby Wealth Management LLC grew its position in Li Auto by 2.2% in the fourth quarter. Laird Norton Wetherby Wealth Management LLC now owns 25,174 shares of the company’s stock worth $604,000 after acquiring an additional 547 shares in the last quarter. Finally, US Bancorp DE increased its stake in Li Auto by 9.0% during the first quarter. US Bancorp DE now owns 10,255 shares of the company’s stock worth $258,000 after acquiring an additional 844 shares during the last quarter. Institutional investors own 9.88% of the company’s stock.

Li Auto Company Profile

Li Auto Inc operates in the energy vehicle market in the People's Republic of China. It designs, develops, manufactures, and sells premium smart electric vehicles. The company's product line comprises MPVs and sport utility vehicles. It offers sales and after sales management, and technology development and corporate management services, as well as purchases manufacturing equipment.