Dana Incorporated (NYSE:DAN) Short Interest Up 40.0% in November

Dana Incorporated (NYSE:DAN) was the recipient of a large increase in short interest in the month of November. As of November 30th, there was short interest totalling 4,480,000 shares, an increase of 40.0% from the November 15th total of 3,200,000 shares. Approximately 3.5% of the shares of the stock are short sold. Based on an average daily volume of 2,340,000 shares, the short-interest ratio is presently 1.9 days.

Analysts Set New Price Targets

DAN has been the subject of several recent research reports. StockNews.com downgraded Dana from a “buy” rating to a “hold” rating in a research report on Wednesday, October 9th. Deutsche Bank Aktiengesellschaft upgraded shares of Dana from a “hold” rating to a “buy” rating and upped their target price for the company from $9.00 to $19.00 in a research note on Monday. Wells Fargo & Company lowered their price target on shares of Dana from $9.00 to $7.00 and set an “underweight” rating on the stock in a report on Thursday, October 31st. Barclays raised shares of Dana from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $12.00 to $18.00 in a report on Monday, December 2nd. Finally, Wolfe Research assumed coverage on Dana in a research note on Thursday, September 5th. They set a “peer perform” rating for the company. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $14.86.

Institutional Investors Weigh In On Dana

Several institutional investors and hedge funds have recently added to or reduced their stakes in DAN. Entropy Technologies LP purchased a new position in shares of Dana in the 3rd quarter valued at $250,000. Martingale Asset Management L P acquired a new stake in Dana in the 3rd quarter valued at $346,000. SG Americas Securities LLC acquired a new position in shares of Dana during the second quarter worth about $388,000. Segall Bryant & Hamill LLC acquired a new stake in shares of Dana in the third quarter valued at about $2,687,000. Finally, Rhumbline Advisers grew its position in Dana by 1.3% in the second quarter. Rhumbline Advisers now owns 426,586 shares of the auto parts company’s stock valued at $5,170,000 after acquiring an additional 5,468 shares in the last quarter. 96.79% of the stock is currently owned by institutional investors and hedge funds.

Dana Trading Up 1.2 %

Shares of NYSE DAN traded up $0.15 during trading on Friday, reaching $12.67. The stock had a trading volume of 850,870 shares, compared to its average volume of 1,508,480. Dana has a fifty-two week low of $7.58 and a fifty-two week high of $15.07. The business’s 50-day moving average price is $10.02 and its 200-day moving average price is $11.04. The company has a current ratio of 1.49, a quick ratio of 0.86 and a debt-to-equity ratio of 1.58.

Dana (NYSE:DAN) last announced its quarterly earnings data on Wednesday, October 30th. The auto parts company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.13). Dana had a negative net margin of 0.15% and a positive return on equity of 3.48%. The firm had revenue of $2.48 billion during the quarter, compared to analyst estimates of $2.57 billion. During the same period in the prior year, the firm posted $0.30 earnings per share. The business’s quarterly revenue was down 7.2% compared to the same quarter last year. As a group, analysts forecast that Dana will post 0.85 earnings per share for the current year.

Dana Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 8th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 3.16%. The ex-dividend date of this dividend was Friday, November 8th. Dana’s payout ratio is -363.60%.

Dana Company Profile

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.