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

Li Auto Inc. (NASDAQ:LIGet Rating) was the recipient of a significant growth in short interest during 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 volume of 11,540,000 shares, the short-interest ratio is currently 2.8 days.

Analyst Ratings Changes

A number of research analysts recently commented on LI shares. TheStreet downgraded Li Auto from a “c” rating to a “d+” rating in a report on Monday, September 12th. Citigroup increased their price target on Li Auto from $26.80 to $58.60 and gave the company a “buy” rating in a report on Tuesday, June 21st. Finally, CLSA began coverage on Li Auto in a report on Monday, August 8th. They issued a “buy” rating for the company. Twelve research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $42.69.

Institutional Trading of Li Auto

Institutional investors and hedge funds have recently made changes to their positions in the stock. Tiger Global Management LLC increased its position in Li Auto by 167.3% in the 1st quarter. Tiger Global Management LLC now owns 19,791,714 shares of the company’s stock valued at $510,824,000 after acquiring an additional 12,388,725 shares during the period. Hhlr Advisors LTD. increased its position in Li Auto by 363.6% in the 4th quarter. Hhlr Advisors LTD. now owns 5,007,300 shares of the company’s stock valued at $160,734,000 after acquiring an additional 3,927,300 shares during the period. Brilliance Asset Management Ltd. increased its position in shares of Li Auto by 410.0% during the 2nd quarter. Brilliance Asset Management Ltd. now owns 4,441,064 shares of the company’s stock valued at $170,137,000 after purchasing an additional 3,570,232 shares during the period. Renaissance Technologies LLC increased its position in shares of Li Auto by 161.0% during the 1st quarter. Renaissance Technologies LLC now owns 4,473,700 shares of the company’s stock valued at $115,466,000 after purchasing an additional 2,759,800 shares during the period. Finally, Bridgewater Associates LP increased its position in shares of Li Auto by 115.6% during the 1st quarter. Bridgewater Associates LP now owns 3,356,105 shares of the company’s stock valued at $86,621,000 after purchasing an additional 1,799,177 shares during the period. 21.99% of the stock is currently owned by institutional investors and hedge funds.

Li Auto Stock Up 0.4 %

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

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

Li Auto Company Profile

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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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