Adient Plc (NYSE:ADNT) Shorted Shares Increased By 6.4%

June 20, 2017 - By Vivian Currie

 Adient Plc (NYSE:ADNT) Shorted Shares Increased By 6.4%

The stock of Adient Plc (NYSE:ADNT) registered an increase of 6.4% in short interest. ADNT’s total short interest was 2.17M shares in June as published by FINRA. Its up 6.4% from 2.04 million shares, reported previously. With 898,900 shares average volume, it will take short sellers 2 days to cover their ADNT’s short positions. The short interest to Adient Plc’s float is 2.32%.

About 31,271 shares traded. Adient PLC (NYSE:ADNT) has 0.00% since June 20, 2016 and is . It has underperformed by 16.70% the S&P500.

Adient plc, formerly Adient Limited, is an automotive seating supplier. The company has market cap of $5.79 billion. The Firm designs, makes and markets a range of seating systems and components for passenger cars, commercial vehicles, and light trucks, including vans, pick-up trucks, and sport/crossover utility vehicles. It currently has negative earnings. The Firm operates through two divisions: Seating and Interiors.

Adient PLC (NYSE:ADNT) Ratings Coverage

Among 11 analysts covering Ardent Mines (NYSE:ADNT), 6 have Buy rating, 1 Sell and 4 Hold. Therefore 55% are positive. Ardent Mines had 14 analyst reports since October 18, 2016 according to SRatingsIntel. The stock of Adient PLC (NYSE:ADNT) earned “Outperform” rating by RBC Capital Markets on Friday, October 28. The firm has “Neutral” rating by JP Morgan given on Tuesday, November 8. The company was initiated on Monday, October 24 by Goldman Sachs. RBC Capital Markets maintained the stock with “Buy” rating in Tuesday, April 11 report. Bank of America downgraded the stock to “Underperform” rating in Wednesday, November 9 report. The rating was maintained by RBC Capital Markets on Monday, May 1 with “Outperform”. Susquehanna initiated it with “Neutral” rating and $56 target in Monday, November 28 report. As per Monday, February 6, the company rating was maintained by RBC Capital Markets. The firm earned “Buy” rating on Tuesday, October 18 by Seaport Global. Wells Fargo initiated the shares of ADNT in report on Monday, October 31 with “Outperform” rating.

More notable recent Adient PLC (NYSE:ADNT) news were published by: Seekingalpha.com which released: “The Long Case For Adient” on June 05, 2017, also Seekingalpha.com with their article: “Adient: An Undervalued Niche Growth Opportunity” published on November 16, 2016, Nasdaq.com published: “Blue Harbour Group, LP Buys Adient PLC, Open Text Corp, WebMD Health Corp …” on June 09, 2017. More interesting news about Adient PLC (NYSE:ADNT) were released by: Seekingalpha.com and their article: “Adient – Take A Seat And Enjoy The Ride” published on May 04, 2017 as well as Nasdaq.com‘s news article titled: “Hm Payson & Co Buys Amgen Inc, Adient PLC, iShares Russell 2000, Sells Johnson …” with publication date: May 26, 2017.

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