Li Auto Inc. (NASDAQ:LI – Get Free Report) saw a significant decline in short interest in August. As of August 31st, there was short interest totalling 27,010,000 shares, a decline of 19.1% from the August 15th total of 33,380,000 shares. Based on an average daily volume of 6,620,000 shares, the days-to-cover ratio is currently 4.1 days.
Wall Street Analyst Weigh In
A number of equities analysts have weighed in on LI shares. JPMorgan Chase & Co. decreased their price target on Li Auto from $21.00 to $19.00 and set a “neutral” rating for the company in a report on Thursday, August 29th. Barclays reduced their target price on Li Auto from $25.00 to $22.00 and set an “equal weight” rating for the company in a research note on Tuesday, May 21st. Morgan Stanley reduced their price target on shares of Li Auto from $65.00 to $53.00 and set an “overweight” rating on the stock in a research report on Tuesday, May 21st. Bank of America boosted their price objective on Li Auto from $30.00 to $31.00 and gave the company a “buy” rating in a report on Thursday, August 29th. Finally, Citigroup downgraded Li Auto from a “buy” rating to a “neutral” rating in a report on Wednesday, September 4th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $36.36.
Check Out Our Latest Research Report on LI
Hedge Funds Weigh In On Li Auto
Li Auto Stock Performance
Shares of LI opened at $19.12 on Monday. Li Auto has a 1 year low of $17.44 and a 1 year high of $46.44. The company has a market cap of $20.29 billion, a price-to-earnings ratio of 12.75, a price-to-earnings-growth ratio of 1.78 and a beta of 0.96. The firm has a fifty day moving average of $19.76 and a 200-day moving average of $24.13. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.63 and a current ratio of 1.76.
About Li Auto
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.
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