Is Ally Financial Inc (NYSE:ALLY)’s Fuel Running Low? Reports Show More Sellers

April 17, 2018 - By Vivian Currie

Ally Financial Inc. (NYSE:ALLY) Logo

The stock of Ally Financial Inc (NYSE:ALLY) registered an increase of 1.59% in short interest. ALLY’s total short interest was 16.78 million shares in April as published by FINRA. Its up 1.59% from 16.51M shares, reported previously. With 2.85 million shares average volume, it will take short sellers 6 days to cover their ALLY’s short positions. The short interest to Ally Financial Inc’s float is 3.51%.

The stock increased 0.62% or $0.17 during the last trading session, reaching $27.55. About 1.49M shares traded. Ally Financial Inc. (NYSE:ALLY) has risen 34.39% since April 17, 2017 and is uptrending. It has outperformed by 22.84% the S&P500.

Ally Financial Inc., a diversified financial services company, provides a range of financial services and products for consumers, businesses, automotive dealers, and corporate clients in the United States. The company has market cap of $11.94 billion. It offers dealer financial services, including automotive finance and insurance products, mortgage finance, and corporate finance. It has a 13.52 P/E ratio. The firm also provides automotive finance services for clients and automotive dealers, such as inventory financing and leasing for new and used vehicles; term loans, including real estate, automotive fleet financing, and transportation and equipment financing; and vehicle remarketing services, as well as vehicle service contracts and guaranteed asset protection (GAP) waiver products.

Ally Financial Inc. (NYSE:ALLY) Ratings Coverage

Among 16 analysts covering Ally Financial (NYSE:ALLY), 11 have Buy rating, 0 Sell and 5 Hold. Therefore 69% are positive. Ally Financial had 35 analyst reports since October 26, 2017 according to SRatingsIntel. The firm has “Buy” rating given on Thursday, March 15 by BTIG Research. The stock of Ally Financial Inc. (NYSE:ALLY) has “Market Perform” rating given on Monday, March 19 by BMO Capital Markets. The firm earned “Neutral” rating on Friday, January 12 by JP Morgan. The firm has “Outperform” rating given on Wednesday, January 31 by Credit Suisse. The rating was downgraded by BMO Capital Markets on Wednesday, January 31 to “Market Perform”. The firm earned “Buy” rating on Thursday, October 26 by Piper Jaffray. BTIG Research maintained Ally Financial Inc. (NYSE:ALLY) rating on Wednesday, October 25. BTIG Research has “Buy” rating and $30.0 target. The stock of Ally Financial Inc. (NYSE:ALLY) has “Outperform” rating given on Thursday, October 26 by Credit Suisse. The firm earned “Buy” rating on Tuesday, January 30 by Piper Jaffray. The rating was maintained by Piper Jaffray with “Buy” on Thursday, March 15.

Ally Financial Inc. (NYSE:ALLY) Ratings Chart

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