Shell PLC Unsponsored ADR (NYSE:SHEL) Short Interest Update

Shell PLC Unsponsored ADR (NYSE:SHEL) was the target of a significant increase in short interest in April. As of April 30th, there was short interest totaling 21,220,132 shares, an increase of 73.3% from the April 15th total of 12,246,376 shares. Approximately 0.8% of the company’s stock are sold short. Based on an average trading volume of 9,043,681 shares, the days-to-cover ratio is currently 2.3 days.

Hedge Funds Weigh In On Shell

Institutional investors have recently modified their holdings of the stock. Kohmann Bosshard Financial Services LLC purchased a new position in shares of Shell during the 4th quarter valued at about $26,000. Grey Fox Wealth Advisors LLC acquired a new stake in shares of Shell during the 3rd quarter worth approximately $34,000. Zions Bancorporation National Association UT grew its stake in shares of Shell by 186.7% during the 4th quarter. Zions Bancorporation National Association UT now owns 473 shares of the energy company’s stock worth $35,000 after purchasing an additional 308 shares during the period. Nalls Sherbakoff Group LLC acquired a new stake in shares of Shell during the 4th quarter worth approximately $36,000. Finally, Ares Financial Consulting LLC acquired a new stake in shares of Shell during the 4th quarter worth approximately $38,000. Hedge funds and other institutional investors own 28.60% of the company’s stock.

Wall Street Analysts Forecast Growth

SHEL has been the topic of several recent analyst reports. BNP Paribas Exane set a $101.00 price objective on shares of Shell and gave the company a “neutral” rating in a report on Friday, April 17th. Weiss Ratings downgraded shares of Shell from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, May 4th. Rothschild & Co Redburn downgraded shares of Shell from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 9th. Morgan Stanley downgraded shares of Shell from an “overweight” rating to an “equal weight” rating in a report on Tuesday, March 24th. Finally, Wall Street Zen upgraded shares of Shell from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and fourteen have given a Hold rating to the company’s stock. Based on data from MarketBeat, Shell has a consensus rating of “Hold” and an average target price of $97.33.

Shell Stock Performance

NYSE:SHEL traded up $3.15 during midday trading on Monday, hitting $88.51. The company’s stock had a trading volume of 4,653,973 shares, compared to its average volume of 7,437,346. Shell has a fifty-two week low of $65.38 and a fifty-two week high of $94.90. The firm’s 50 day moving average is $89.35 and its 200-day moving average is $80.18. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.27 and a quick ratio of 0.97. The firm has a market cap of $248.13 billion, a P/E ratio of 13.77, a P/E/G ratio of 0.45 and a beta of 0.08.

Shell (NYSE:SHEL) last issued its quarterly earnings results on Friday, May 8th. The energy company reported $2.44 earnings per share for the quarter, topping the consensus estimate of $2.14 by $0.30. Shell had a net margin of 6.85% and a return on equity of 11.18%. The company had revenue of $69.69 billion for the quarter, compared to the consensus estimate of $77.54 billion. Equities analysts anticipate that Shell will post 10.28 earnings per share for the current fiscal year.

About Shell

Shell plc (NYSE: SHEL) is a global integrated energy company that operates across the full oil and gas value chain as well as in developing lower-carbon energy solutions. The company traces its roots to the early 20th century merger of Royal Dutch Petroleum and Shell Transport and Trading, and today it is organized to explore for and produce hydrocarbons, process and refine them, manufacture petrochemicals, and market fuel, lubricants and related products under the Shell brand around the world.

Shell’s principal activities include upstream exploration and production of oil and natural gas, integrated gas operations including liquefied natural gas (LNG), and downstream refining, supply and marketing.