Short Interest of Delphi Automotive PLC grows


Delphi Automotive PLC (NYSE:DLPH) stated gains of 294,149 shares or 14.2% in the short interest. The short interest registered from 2,071,487 on December 15,2014 to 2,365,636 on December 31,2014. In terms of floated shares, the shorted positions stood at 0.8%. The stock has been averaging 1,240,271 shares daily in trading and would need 2 days to cover the shorts.

The company has been under the radar of many Analysts and Brokerage Firms. Analysts have commented on the company price target and the ratings. As much as 13 analysts have advised buy on Delphi Automotive PLC (NYSE:DLPH) with an average broker rating of 1.77. Research Analysts at Zacks has the counter a rating of 3, which implies that the firms recommendation is Neutral on the company. It is advised that fresh investments be made in the counter only when it is undervalued.

Delphi Automotive PLC (NYSE:DLPH) rose 0.9% or 0.62 points and made its way into the gainers of the day. After trading began at $69.16 the stock was seen hitting $69.53 as a peak level and $68.34 as the lowest level. However, buyers utilized every dip as an opportunity to go long in the counter. With strong support, the stock ended up at $69.25. The daily volume was measured at 1,829,303 shares. The previous session had closed at $68.63. The 52-week high of the share price is $74.88 and the 52-week low is $58.22. The company has a market cap of $20,503 million.

Delphi Automotive PLC (Delphi) is a global vehicle components manufacturer and provides electrical and electronic, powertrain, safety and thermal technology solutions to the global automotive and commercial vehicle markets. As of December 31, 2012, the Company operated 126 manufacturing facilities and 15 technical centers utilizing a regional service model that enables it to serve its global customers. The Company operates through four segments: Electrical / Electronic Architecture; Powertrain Systems; Electronics and Safety and Thermal Systems. In October 2012, the Company acquired FCI Groups Motorized Vehicles Division.