Short Interest Change: Apple Incorporated (NASDAQ:AAPL) Sellers Covered 2.37% of Their Shorts

November 23, 2016 - By Richard Conner   ·   0 Comments

Short Interest Change: Apple Incorporated (NASDAQ:AAPL) Sellers Covered 2.37% of Their Shorts

The stock of Apple Incorporated (NASDAQ:AAPL) registered a decrease of 2.37% in short interest. AAPL’s total short interest was 54.68M shares in November as published by FINRA. Its down 2.37% from 56.01M shares, reported previously. With 32.02 million shares average volume, it will take short sellers 2 days to cover their AAPL’s short positions. The stock increased 0.06% or $0.07 during the last trading session, hitting $111.8. About 3,993 shares traded hands. Apple Inc. (NASDAQ:AAPL) has risen 5.50% since April 21, 2016 and is uptrending. It has outperformed by 0.17% the S&P500.

Apple Inc. designs, manufactures and markets mobile communication and media devices, personal computers, and portable digital music players, and a variety of related software, services, peripherals, networking solutions, and third-party digital content and applications. The company has a market cap of $605.20 billion. The Company’s services and products include iPhone, iPad, Mac, iPod, Apple TV, a portfolio of consumer and professional software applications, the iOS and OS X operating systems, iCloud, and a variety of accessory, service and support offerings. It has a 13.51 P/E ratio. The Firm also delivers digital content and applications through the iTunes Store, App StoreSM, iBookstoreSM, and Mac App Store.

Insitutional Activity: The institutional sentiment decreased to 0.82 in Q2 2016. Its down 0.07, from 0.89 in 2016Q1. The ratio dropped, as 116 funds sold all Apple Inc. shares owned while 900 reduced positions. 66 funds bought stakes while 835 increased positions. They now own 2.95 billion shares or 8.86% less from 3.23 billion shares in 2016Q1.
Utd Financial Advisers Limited Liability last reported 1.66% of its portfolio in the stock. Litman Gregory Asset Mgmt Ltd Co has 158 shares for 0.01% of their US portfolio. Moreover, Eagleclaw Cap Managment Ltd has 4.5% invested in Apple Inc. (NASDAQ:AAPL) for 70,848 shares. Tru Of Virginia Va has 1.46% invested in the company for 87,837 shares. Meristem Llp last reported 0.92% of its portfolio in the stock. Bnp Paribas Investment Prns Sa holds 2.23 million shares or 1.8% of its portfolio. Tanaka Capital Management accumulated 26,321 shares or 6.46% of the stock. Peak Asset Management Ltd Company reported 62,891 shares or 2.66% of all its holdings. Moreover, Howland Capital Ltd Co has 0.28% invested in Apple Inc. (NASDAQ:AAPL) for 31,383 shares. Marsico Capital Mngmt Limited Liability Corporation owns 93,716 shares or 0.31% of their US portfolio. Shoker Inv Counsel Incorporated has 0.49% invested in the company for 5,802 shares. American Money Mgmt Limited Co holds 3.95% or 49,890 shares in its portfolio. Archon Prtnrs Limited Liability Company accumulated 94,500 shares or 2.46% of the stock. Kcg, a New Jersey-based fund reported 109,592 shares. Sii Invs Wi last reported 1.34% of its portfolio in the stock.

Insider Transactions: Since May 26, 2016, the stock had 0 insider purchases, and 20 selling transactions for $162.02 million net activity. 16,950 shares were sold by Maestri Luca, worth $1.87M. KONDO CHRIS sold 9,829 shares worth $1.03M. On Friday, May 27 the insider Cue Eduardo H sold $4.97 million. 25,000 shares were sold by AHRENDTS ANGELA J, worth $2.50 million. Srouji Johny also sold $798,000 worth of Apple Inc. (NASDAQ:AAPL) on Thursday, May 26. 23,305 shares were sold by SEWELL D BRUCE, worth $2.51 million on Friday, August 5. FEDERIGHI CRAIG also sold $9.84 million worth of Apple Inc. (NASDAQ:AAPL) shares.

Apple Inc. (NASDAQ:AAPL) Ratings Coverage

Out of 41 analysts covering Apple Inc. (NASDAQ:AAPL), 36 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 88% are positive. $200 is the highest target while $13 is the lowest. The $131.03 average target is 17.20% above today’s ($111.8) stock price. Apple Inc. has been the topic of 188 analyst reports since July 21, 2015 according to StockzIntelligence Inc. Rosenblatt downgraded Apple Inc. (NASDAQ:AAPL) rating on Wednesday, January 6. Rosenblatt has “Neutral” rating and $102 price target. Drexel Hamilton maintained Apple Inc. (NASDAQ:AAPL) rating on Wednesday, October 26. Drexel Hamilton has “Buy” rating and $185 price target. On Wednesday, April 20 the stock rating was maintained by Barclays Capital with “Overweight”. The stock has “Overweight” rating given by Barclays Capital on Wednesday, April 27. The company was maintained on Friday, September 11 by RBC Capital Markets. The firm earned “Buy” rating on Wednesday, January 27 by UBS. The stock has “Outperform” rating given by Credit Suisse on Wednesday, October 26. Wells Fargo upgraded the shares of AAPL in a report on Tuesday, August 25 to “Market Perform” rating. Goldman Sachs maintained the stock with “Buy” rating in Wednesday, April 27 report. On Tuesday, July 26 the stock rating was maintained by UBS with “Buy”.

AAPL Company Profile

Apple Inc., incorporated on January 3, 1977, designs, makes and markets mobile communication and media devices, personal computers and portable digital music players. The Firm sells a range of related software, services, accessories, networking solutions and third-party digital content and applications. The Company’s divisions include the Americas, Europe, Greater China, Japan and Rest of Asia Pacific. The Americas segment includes both North and South America. The Europe segment includes European countries, India, the Middle East and Africa. The Greater China segment includes China, Hong Kong and Taiwan. The Rest of Asia Pacific segment includes Australia and the Asian countries not included in the Company’s other operating divisions. The Company’s services and products include iPhone, iPad, Mac, iPod, Apple Watch, Apple TV, a portfolio of consumer and professional software applications, iPhone OS (iOS), OS X and watchOS operating systems, iCloud, Apple Pay and a range of accessory, service and support offerings.

More notable recent Apple Inc. (NASDAQ:AAPL) news were published by: Foxbusiness.com which released: “Apple, Inc. Underestimated the Toaster-Refrigerator Market” on November 22, 2016, also Nasdaq.com with their article: “Does Apple, Inc. Care About Other Products Anymore?” published on November 23, 2016, Profitconfidential.com published: “Apple Inc.: Analyst Issues Grim 10-year Call on AAPL Stock” on November 22, 2016. More interesting news about Apple Inc. (NASDAQ:AAPL) were released by: Fool.com and their article: “Apple Inc. Might Be Preparing for Blowout iPhone Sales in Fiscal 2018” published on November 21, 2016 as well as Fool.com‘s news article titled: “Apple, Inc. Reportedly Considering Making iPhones in America” with publication date: November 17, 2016.

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By Richard Conner

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