Dana Incorporated (NYSE:DAN) Sees Large Increase in Short Interest

Dana Incorporated (NYSE:DAN) was the target of a large increase in short interest in the month of January. As of January 31st, there was short interest totalling 5,480,000 shares, an increase of 18.1% from the January 15th total of 4,640,000 shares. Based on an average daily trading volume, of 2,040,000 shares, the short-interest ratio is currently 2.7 days. Approximately 4.2% of the company’s shares are short sold.

Dana Trading Up 1.6 %

NYSE DAN opened at $16.35 on Monday. The company has a debt-to-equity ratio of 1.58, a current ratio of 1.49 and a quick ratio of 0.86. The firm’s fifty day moving average price is $13.35 and its 200 day moving average price is $11.29. The company has a market capitalization of $2.37 billion, a price-to-earnings ratio of -148.58, a price-to-earnings-growth ratio of 0.71 and a beta of 2.33. Dana has a 12 month low of $7.58 and a 12 month high of $16.86.

Dana Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, February 28th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.45%. The ex-dividend date of this dividend is Friday, February 28th. Dana’s dividend payout ratio (DPR) is -363.60%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC increased its stake in Dana by 118.3% in the fourth quarter. GAMMA Investing LLC now owns 2,702 shares of the auto parts company’s stock valued at $31,000 after purchasing an additional 1,464 shares during the period. Versant Capital Management Inc increased its stake in Dana by 484.6% in the fourth quarter. Versant Capital Management Inc now owns 2,695 shares of the auto parts company’s stock valued at $31,000 after purchasing an additional 2,234 shares during the period. Sterling Capital Management LLC increased its stake in Dana by 829.3% in the fourth quarter. Sterling Capital Management LLC now owns 4,182 shares of the auto parts company’s stock valued at $48,000 after purchasing an additional 3,732 shares during the period. Entropy Technologies LP acquired a new position in Dana in the third quarter valued at $250,000. Finally, Martingale Asset Management L P acquired a new position in Dana in the third quarter valued at $346,000. 96.79% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on DAN. Barclays increased their price target on shares of Dana from $18.00 to $23.00 and gave the company an “overweight” rating in a research note on Tuesday, January 28th. BNP Paribas upgraded shares of Dana from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $9.00 to $16.00 in a report on Tuesday, December 3rd. UBS Group upped their price objective on shares of Dana from $18.00 to $20.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Deutsche Bank Aktiengesellschaft upgraded shares of Dana from a “hold” rating to a “buy” rating and upped their price objective for the stock from $9.00 to $19.00 in a report on Monday, December 9th. Finally, Wells Fargo & Company upgraded shares of Dana from an “underweight” rating to an “equal weight” rating and increased their target price for the stock from $10.00 to $16.00 in a report on Monday, January 27th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, Dana has a consensus rating of “Moderate Buy” and an average price target of $18.86.

About Dana

Dana Incorporated, together with its subsidiaries, provides power-conveyance and energy-management solutions for vehicles and machinery in North America, Europe, South America, and the Asia Pacific. The company operates through four segments: Light Vehicle Drive Systems, Commercial Vehicle Drive and Motion Systems, Off-Highway Drive and Motion Systems, and Power Technologies.