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

Shell PLC Unsponsored ADR (NYSE:SHEL) was the target of a large 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. Based on an average daily trading volume, of 9,043,681 shares, the days-to-cover ratio is currently 2.3 days. Currently, 0.8% of the shares of the stock are short sold.

Institutional Trading of Shell

A number of hedge funds have recently added to or reduced their stakes in the business. SG Americas Securities LLC raised its holdings in Shell by 187.5% in the fourth quarter. SG Americas Securities LLC now owns 316,216 shares of the energy company’s stock worth $23,236,000 after purchasing an additional 677,746 shares in the last quarter. Natixis Advisors LLC raised its holdings in Shell by 13.2% in the third quarter. Natixis Advisors LLC now owns 1,445,346 shares of the energy company’s stock worth $103,386,000 after purchasing an additional 167,983 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S raised its holdings in Shell by 452.6% in the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 74,296 shares of the energy company’s stock worth $6,910,000 after purchasing an additional 60,850 shares in the last quarter. Captrust Financial Advisors raised its holdings in Shell by 30.4% in the fourth quarter. Captrust Financial Advisors now owns 180,630 shares of the energy company’s stock worth $13,273,000 after purchasing an additional 42,129 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its holdings in Shell by 119.7% in the fourth quarter. Farther Finance Advisors LLC now owns 42,664 shares of the energy company’s stock worth $3,135,000 after purchasing an additional 23,243 shares in the last quarter. 28.60% of the stock is owned by hedge funds and other institutional investors.

Shell Trading Up 3.7%

Shares of SHEL traded up $3.15 during trading hours on Monday, reaching $88.51. 4,653,973 shares of the company traded hands, compared to its average volume of 7,437,346. The stock’s fifty day moving average price is $89.35 and its 200 day moving average price is $80.18. The firm has a market cap of $248.13 billion, a price-to-earnings ratio of 13.77, a PEG ratio of 0.45 and a beta of 0.08. Shell has a 12-month low of $65.38 and a 12-month high of $94.90. The company has a current ratio of 1.27, a quick ratio of 0.97 and a debt-to-equity ratio of 0.38.

Shell (NYSE:SHEL) last released its quarterly earnings data on Friday, May 8th. The energy company reported $2.44 earnings per share for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $77.54 billion. Sell-side analysts forecast that Shell will post 10.28 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on SHEL shares. Rothschild & Co Redburn lowered shares of Shell from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 9th. TD Cowen cut their target price on shares of Shell from $112.00 to $110.00 and set a “buy” rating for the company in a report on Friday, April 10th. Erste Group Bank reissued a “hold” rating on shares of Shell in a report on Tuesday, May 5th. Weiss Ratings lowered shares of Shell from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, May 4th. Finally, Zacks Research raised shares of Shell from a “hold” rating to a “strong-buy” rating in a report on Monday, April 13th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and fourteen have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $97.33.

Shell Company Profile

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.