Short Interest in Dana Incorporated (NYSE:DAN) Drops By 31.6%

Dana Incorporated (NYSE:DAN) was the recipient of a significant decrease in short interest in the month of December. As of December 31st, there was short interest totaling 3,815,412 shares, a decrease of 31.6% from the December 15th total of 5,577,194 shares. Based on an average trading volume of 2,063,062 shares, the short-interest ratio is currently 1.8 days. Approximately 3.3% of the shares of the stock are sold short. Approximately 3.3% of the shares of the stock are sold short. Based on an average trading volume of 2,063,062 shares, the short-interest ratio is currently 1.8 days.

Analyst Ratings Changes

A number of brokerages have recently issued reports on DAN. Barclays increased their price target on shares of Dana from $25.00 to $27.00 and gave the company an “overweight” rating in a report on Friday, October 10th. Zacks Research lowered shares of Dana from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 12th. UBS Group lifted their price target on shares of Dana from $28.00 to $31.00 and gave the company a “buy” rating in a research report on Wednesday. JPMorgan Chase & Co. upped their price target on Dana from $26.00 to $28.00 and gave the stock an “overweight” rating in a report on Monday, November 3rd. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Dana in a report on Monday, December 29th. Four research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, Dana presently has an average rating of “Moderate Buy” and an average price target of $27.20.

Institutional Trading of Dana

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC raised its stake in Dana by 11.3% in the 4th quarter. GAMMA Investing LLC now owns 4,315 shares of the auto parts company’s stock valued at $103,000 after purchasing an additional 439 shares during the last quarter. Amalgamated Bank grew its holdings in shares of Dana by 3.5% during the third quarter. Amalgamated Bank now owns 38,337 shares of the auto parts company’s stock worth $768,000 after buying an additional 1,279 shares in the last quarter. FNY Investment Advisers LLC purchased a new stake in shares of Dana during the second quarter worth about $25,000. State of Tennessee Department of Treasury raised its position in shares of Dana by 10.7% in the second quarter. State of Tennessee Department of Treasury now owns 55,842 shares of the auto parts company’s stock valued at $958,000 after buying an additional 5,405 shares during the last quarter. Finally, Rhumbline Advisers lifted its stake in shares of Dana by 2.2% during the second quarter. Rhumbline Advisers now owns 401,017 shares of the auto parts company’s stock valued at $6,877,000 after buying an additional 8,787 shares during the period. Hedge funds and other institutional investors own 96.79% of the company’s stock.

Dana Price Performance

Shares of NYSE DAN traded down $0.14 on Friday, hitting $27.57. The company’s stock had a trading volume of 1,827,822 shares, compared to its average volume of 1,857,729. The stock has a 50 day moving average of $23.13 and a 200-day moving average of $20.35. The company has a market capitalization of $3.22 billion, a price-to-earnings ratio of 61.27, a price-to-earnings-growth ratio of 1.08 and a beta of 2.14. Dana has a 12-month low of $10.11 and a 12-month high of $28.24. The company has a debt-to-equity ratio of 2.23, a current ratio of 1.31 and a quick ratio of 0.96.

Dana (NYSE:DAN) last issued its quarterly earnings data on Wednesday, October 29th. The auto parts company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.09). Dana had a return on equity of 6.35% and a net margin of 0.64%.The company had revenue of $1.92 billion for the quarter, compared to analyst estimates of $1.91 billion. During the same quarter in the prior year, the firm earned $0.12 earnings per share. The company’s revenue for the quarter was up 1.1% on a year-over-year basis. As a group, research analysts predict that Dana will post 1.5 EPS for the current year.

Dana Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 28th. Stockholders of record on Friday, November 7th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend was Friday, November 7th. Dana’s payout ratio is 88.89%.

About Dana

Dana Incorporated is a global leader in the design and manufacture of drivetrain, sealing, and thermal-management technologies for the automotive, commercial vehicle, off-highway and industrial markets. The company’s product portfolio includes axles, driveshafts, transmissions, e-Propulsion systems and thermal-management assemblies that help improve fuel efficiency, reduce emissions and enhance vehicle performance. Dana’s expertise spans internal combustion and electrified powertrains, positioning it to support both traditional and next-generation mobility solutions.

Founded in 1904 by Clarence W.