Delphi Technologies PLC (NYSE:DLPH) Short Interest Update

Delphi Technologies PLC (NYSE:DLPH) was the target of a significant drop in short interest in the month of December. As of December 31st, there was short interest totalling 6,350,000 shares, a drop of 15.8% from the December 15th total of 7,540,000 shares. Based on an average daily trading volume, of 1,160,000 shares, the short-interest ratio is presently 5.5 days. Approximately 7.4% of the company’s stock are sold short.

Several analysts have recently commented on the company. ValuEngine raised Delphi Technologies from a “hold” rating to a “buy” rating in a research report on Tuesday, January 7th. Deutsche Bank cut Delphi Technologies from a “buy” rating to a “hold” rating and decreased their target price for the stock from $14.00 to $11.00 in a research report on Tuesday. Oppenheimer cut Delphi Technologies from an “outperform” rating to a “market perform” rating and set a $20.00 target price for the company. in a research report on Friday, November 1st. Guggenheim began coverage on Delphi Technologies in a research report on Tuesday, October 15th. They issued a “neutral” rating for the company. Finally, Barclays cut Delphi Technologies from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $23.00 to $13.00 in a research report on Monday, November 4th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $20.15.

DLPH traded up $0.08 during trading on Tuesday, reaching $11.28. 1,203,392 shares of the stock traded hands, compared to its average volume of 926,011. The stock has a market cap of $976.91 million, a price-to-earnings ratio of 2.58, a price-to-earnings-growth ratio of 0.60 and a beta of 2.91. Delphi Technologies has a fifty-two week low of $10.85 and a fifty-two week high of $26.82. The company has a debt-to-equity ratio of 2.98, a current ratio of 1.35 and a quick ratio of 0.93. The stock’s 50-day simple moving average is $12.66 and its two-hundred day simple moving average is $14.33.

Delphi Technologies (NYSE:DLPH) last released its quarterly earnings data on Thursday, October 31st. The company reported $0.56 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.56. The firm had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.05 billion. Delphi Technologies had a return on equity of 52.54% and a net margin of 4.29%. The business’s revenue for the quarter was down 10.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.72 earnings per share. Research analysts anticipate that Delphi Technologies will post 2.3 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently bought and sold shares of DLPH. Nomura Asset Management Co. Ltd. bought a new position in Delphi Technologies during the second quarter valued at about $47,000. US Bancorp DE raised its holdings in Delphi Technologies by 32.7% during the second quarter. US Bancorp DE now owns 4,847 shares of the company’s stock valued at $97,000 after buying an additional 1,195 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. raised its holdings in Delphi Technologies by 463.8% during the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 5,790 shares of the company’s stock valued at $115,000 after buying an additional 4,763 shares in the last quarter. NumerixS Investment Technologies Inc bought a new position in Delphi Technologies during the second quarter valued at about $144,000. Finally, Dupont Capital Management Corp raised its holdings in Delphi Technologies by 31.5% during the third quarter. Dupont Capital Management Corp now owns 12,289 shares of the company’s stock valued at $165,000 after buying an additional 2,941 shares in the last quarter. Institutional investors own 87.46% of the company’s stock.

About Delphi Technologies

Delphi Technologies PLC engages in the design, development, and manufacture of integrated powertrain technologies worldwide. The company operates through two segments, Powertrain Systems and Delphi Technologies Aftermarket. The Powertrain Systems segment provides fuel injection systems, as well as other powertrain products comprising valvetrain, fuel delivery modules, ignition coils, canisters, sensors, valves, and actuators; and electronic control modules with the corresponding software, algorithms, and calibration that provide centralized management of various powertrain components.

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