At present, there are lots of indicators for Ford Motor Company (NYSE:F) investors to keep an eye on, but it is important to take note of a company’s short interest. Two metrics typically used are: (a) the chunk of a company’s float that bears are currently shorting, in addition to (b) the difference in short selling activity.
More shorting usually indicates what you’d think: Wall Street has grown less bullish on that particular stock. Short selling that’s too high, though, sometimes has a positive effect on share price, as the shorts can be forced to cover their shares.
Here at Insider Monkey, it is no secret that we track hedge funds’ interest, but it is also important to group this data with overall short data. A few, big time players might share that they’re short on a stock, but it’s not an SEC requirement. Nevertheless, many retail players might want to avoid heavily short sold equities with elevated hedge fund investment, while others might prefer short-squeeze opportunities. For readers searching for a time-tested piggybacking strategy, discover the details of our premium strategy.
Let us take a look at the latest data pertaining to Ford Motor Company (NYSE:F).
Studying the latest FINRA short interest data, which is released twice monthly, we can see that Ford Motor Company (NYSE:F) sports a short interest of 2.00% of float. With a total float of 3.57B shares, this represents a short ratio of 1.5.
It is also beneficial to take note of hedge fund sentiment via their 13F filings. According to our data, Appaloosa Management LP, managed by David Tepper, holds the biggest position in Ford Motor Company (NYSE:F). Appaloosa Management LP has a $154.1 million position in the stock, comprising 3.3% of its 13F portfolio. The 2nd biggest stake is held by Bill Miller of Legg Mason Capital Management, with a $147.3 million position; 2.6% of its 13F portfolio is allocated to the stock. Other peers with similar optimism include Robert Bishop’s Impala Asset Management, Bruce Kovner’s Caxton Associates LP and Jean-Marie Eveillard’s First Eagle Investment Management.
Also, insider purchases made by high-level executives is at its handiest when the company in focus has seen transactions within the past 180 days. Over the last six-month time period, Ford Motor Company (NYSE:F) has seen zero unique insiders buying, and 13 insider sales (see the details of insider trades here).
Let’s check out activity in other stocks similar to Ford Motor Company (NYSE:F). These stocks are Tata Motors Limited (ADR) (NYSE:TTM), Toyota Motor Corporation (ADR) (NYSE:TM), General Motors Company (NYSE:GM), Honda Motor Co Ltd (ADR) (NYSE:HMC), and Nissan Motor Co., Ltd. (ADR) (PINK:NSANY). This group of stocks are in the auto manufacturers – major industry and their market caps match F’s market cap.