During the last session 10M of General Motors Company (NYSE:GM)’s shares were traded. The stock closed at $58.63 per share indicating that it gained $0.5 or 0.86% during that day which brings the General Motors Company’s valuation to $91.77B.
The 52-week high for the General Motors Company’s shares is $65.18. That puts it -10.05% from that peak with a 52-week low of $40.04, while the S&P 500’s share price change was of 28.79%.
The company currently has a 8.45 P/E ratio and a price target of $73.1.
What does the trading volume tell us about the GM stock?
During the last trading session, General Motors Company (NYSE:GM) has seen decay in its daily volume. The daily volume was of 10M, while in the last 10 days the average was 15.47M and last three months – 18.5M.
Growing short interest
The General Motors Company’s shares are seeing an increasing short interest compared to the previous month. As of today, there are 32.91M shares being shorted which translates into 1.77 of a short ratio for GM, while in the previous month the shorted shares were 26.62M.
General Motors Company (NYSE:GM)’s financials
With a market cap of 91.77B, General Motors Company holds a total cash of $19.04B that translates into $13.11 per share, while the total debt is of $109.93B.
The company has seen a decrease in the revenue with a year-over-year quarterly revenue growth percentage of -24.50%. The current revenue is of $130.94B that is $90.52 per share.
This is a not so good sign for the future.