Breaking Short Interest: SP Plus Corporation (NASDAQ:SP) Can’t Be More Risky. Short Interest Increased

November 16, 2016 - By Ruchi Gupta   ·   0 Comments

Breaking Short Interest: SP Plus Corporation (NASDAQ:SP) Can't Be More Risky. Short Interest Increased

The stock of SP Plus Corporation (NASDAQ:SP) registered an increase of 7.34% in short interest. SP’s total short interest was 496,000 shares in November as published by FINRA. Its up 7.34% from 462,100 shares, reported previously. With 38,500 shares average volume, it will take short sellers 13 days to cover their SP’s short positions. The short interest to SP Plus Corporation’s float is 2.59%. About 14,594 shares traded hands. SP Plus Corp (NASDAQ:SP) has risen 21.84% since April 14, 2016 and is uptrending. It has outperformed by 17.16% the S&P500.

SP Plus Corporation provides parking management, ground transportation and other ancillary services to commercial, institutional and municipal clients in the United States, Puerto Rico and Canada. The company has a market cap of $598.09 million. The Firm operates through six divisions: Region One , Region Two (South reporting unit), Region Three (New York Metropolitan tri-state area of New York, New Jersey and Connecticut reporting unit), Region Four (Airport transportation activities around the nation reporting unit) and Region Five (the United States Parking reporting unit and event planning and transportation services reporting unit). It has a 37.06 P/E ratio. The Company’s SP+ brand includes an array of its operating divisions, such as SP+ Airport Services, SP+ GAMEDAY, SP+ Healthcare Services, SP+ Hotel Services, SP+ Municipal Services, SP+ Office Services, SP+ Residential Services, SP+ Retail Services and SP+ University Services.

Insitutional Activity: The institutional sentiment increased to 1.48 in Q2 2016. Its up 0.02, from 1.46 in 2016Q1. The ratio is positive, as 9 funds sold all SP Plus Corp shares owned while 22 reduced positions. 6 funds bought stakes while 40 increased positions. They now own 16.22 million shares or 3.64% less from 16.83 million shares in 2016Q1.
D E Shaw And Comm Inc holds 0% of its portfolio in SP Plus Corp (NASDAQ:SP) for 9,799 shares. Panagora Asset Mngmt Inc has invested 0% of its portfolio in SP Plus Corp (NASDAQ:SP). Teacher Retirement Sys Of Texas accumulated 0% or 2,267 shares. Axa has invested 0% of its portfolio in SP Plus Corp (NASDAQ:SP). Bard Associates Inc accumulated 79,530 shares or 0.95% of the stock. Whittier owns 8,800 shares or 0.01% of their US portfolio. Blackrock Grp Limited reported 9,014 shares or 0% of all its holdings. Tower Rech Ltd Limited Liability Company (Trc), a New York-based fund reported 1,246 shares. Aristotle Cap Boston Ltd Liability Com, a Massachusetts-based fund reported 236,508 shares. Eagle Boston Inv Management Inc reported 299,756 shares or 0.92% of all its holdings. Moreover, Renaissance Techs Ltd Liability has 0.01% invested in SP Plus Corp (NASDAQ:SP) for 175,600 shares. Walleye Trading Lc, a Minnesota-based fund reported 900 shares. Moreover, Bernzott Capital Advisors has 4.38% invested in SP Plus Corp (NASDAQ:SP) for 993,126 shares. Ameriprise has 0% invested in the company for 177,366 shares. Vanguard, a Pennsylvania-based fund reported 709,275 shares.

SP Plus Corp (NASDAQ:SP) Ratings Coverage

Out of 2 analysts covering SP Plus (NASDAQ:SP), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. SP Plus has been the topic of 2 analyst reports since September 4, 2015 according to StockzIntelligence Inc. The stock has “Outperform” rating given by Barrington Research on Monday, November 9. On Friday, September 4 the stock rating was maintained by UBS with “Buy”.

SP Company Profile

SP Plus Corporation (SP Plus), incorporated on September 24, 1981, is a well-known provider of parking management, ground transportation and other ancillary services to commercial, institutional and municipal clients in the United States, Puerto Rico and Canada. The Firm operates through six divisions: Region One, Region Two, Region Three, Region Four, Region Five and Other. Region One includes the Company’s activities in Delaware, District of Columbia, Illinois, Indiana, Kansas, Kentucky, Maine, Maryland, Massachusetts, Michigan, Minnesota, Northern California, Ohio, Oregon, Pennsylvania, Rhode Island, Virginia, Washington, West Virginia, Wisconsin and the three Canadian provinces of Alberta, Ontario, and Quebec. Region Two includes activities in Alabama, Arizona, Colorado, Florida, Georgia, Hawaii, Kansas, Louisiana, Mississippi, Missouri, Nebraska, New Mexico, North Carolina, Oklahoma, South Carolina, Southern California, Tennessee, Texas, Utah and Puerto Rico. Region Three includes the New York metropolitan tri-state area of New York, New Jersey and Connecticut. Region Four includes the Company’s airport and transportation activities across the nation. Region Five includes other reporting units of the United States parking and event planning and transportation services.

More important recent SP Plus Corp (NASDAQ:SP) news were published by: Seekingalpha.com which released: “SP Plus Corp’s (SP) CEO Vance Johnston on Q3 2016 Results – Earnings Call …” on November 06, 2016, also Globenewswire.com published article titled: “SP Plus Corporation Announces Participation in the Dougherty & Company …”, Reuters.com published: “BRIEF-SP Plus Corp announces Q3 and year-to-date 2016 results” on November 02, 2016. More interesting news about SP Plus Corp (NASDAQ:SP) was released by: Globenewswire.com and their article: “SP Plus Corporation Announces Third Quarter and Year-to-Date 2016 Results” with publication date: November 02, 2016.

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By Ruchi Gupta


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