Dana Incorporated (NYSE:DAN) Short Interest Up 18.1% in January

Dana Incorporated (NYSE:DAN) was the target of a significant 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 shares of the company are short sold.

Dana Stock Performance

DAN opened at $16.35 on Monday. 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. The company has a debt-to-equity ratio of 1.58, a current ratio of 1.49 and a quick ratio of 0.86. Dana has a 1-year low of $7.58 and a 1-year high of $16.86. The business has a 50 day moving average price of $13.35 and a two-hundred day moving average price of $11.29.

Dana Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft upgraded Dana from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $9.00 to $19.00 in a research report on Monday, December 9th. JPMorgan Chase & Co. boosted their price objective on Dana from $14.00 to $20.00 and gave the stock an “overweight” rating in a research report on Monday, January 27th. Wells Fargo & Company upgraded Dana from an “underweight” rating to an “equal weight” rating and boosted their price objective for the stock from $10.00 to $16.00 in a research report on Monday, January 27th. BNP Paribas upgraded Dana from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $9.00 to $16.00 in a research report on Tuesday, December 3rd. Finally, Barclays boosted their price objective on Dana from $18.00 to $23.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 28th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, Dana presently has a consensus rating of “Moderate Buy” and a consensus price target of $18.86.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Versant Capital Management Inc increased its holdings in shares of 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 buying an additional 2,234 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of 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 buying an additional 1,464 shares in the last quarter. Sterling Capital Management LLC increased its holdings in shares of 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 buying an additional 3,732 shares in the last quarter. Entropy Technologies LP acquired a new stake in Dana during the 3rd quarter valued at $250,000. Finally, Martingale Asset Management L P acquired a new stake in Dana during the 3rd quarter valued at $346,000. Institutional investors own 96.79% of the company’s stock.

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.