Short Interest Change: What Next for Aar Corporation (NYSE:AIR) Stock After Increase in Shorted Shares?

November 23, 2016 - By Linda Rogers   ·   0 Comments

Short Interest Change: What Next for Aar Corporation (NYSE:AIR) Stock After Increase in Shorted Shares?

The stock of Aar Corporation (NYSE:AIR) registered an increase of 17.67% in short interest. AIR’s total short interest was 956,200 shares in November as published by FINRA. Its up 17.67% from 812,600 shares, reported previously. With 224,700 shares average volume, it will take short sellers 4 days to cover their AIR’s short positions. The short interest to Aar Corporation’s float is 3.05%. About 197,141 shares traded hands. AAR Corp. (NYSE:AIR) has risen 60.86% since April 21, 2016 and is uptrending. It has outperformed by 55.53% the S&P500.

AAR CORP. is a provider of services and products to the commercial aviation and government and defense markets. The company has a market cap of $1.32 billion. The Firm operates in two divisions: Aviation Services, which consists of supply chain and maintenance, repair and overhaul (MRO) activities, and Expeditionary Services, which includes airlift and mobility activities. It has a 31.11 P/E ratio. The Company’s services and products include aviation supply chain and parts support programs; MRO of aircraft and landing gear; design and manufacture of specialized pallets, shelters and containers; expeditionary airlift services; aircraft modifications, and aircraft and engine sales and leasing.

Insitutional Activity: The institutional sentiment increased to 1.4 in Q2 2016. Its up 0.42, from 0.98 in 2016Q1. The ratio improved, as 16 funds sold all AAR Corp. shares owned while 44 reduced positions. 10 funds bought stakes while 49 increased positions. They now own 28.77 million shares or 2.76% less from 29.58 million shares in 2016Q1.
Gamco Et Al reported 70,000 shares or 0.01% of all its holdings. Commercial Bank Of Montreal Can last reported 3,062 shares in the company. Kbc Nv holds 31,346 shares or 0.01% of its portfolio. Creative Planning, a Kansas-based fund reported 441 shares. Envestnet Asset Mngmt accumulated 0% or 4,524 shares. Swiss Commercial Bank last reported 0% of its portfolio in the stock. Prudential, a New Jersey-based fund reported 340,602 shares. Campbell & Invest Adviser Ltd Liability Corporation last reported 12,318 shares in the company. Blackrock has 52,897 shares for 0% of their US portfolio. The Michigan-based Comerica Bancorporation has invested 0.02% in AAR Corp. (NYSE:AIR). Credit Suisse Ag reported 28,633 shares or 0% of all its holdings. Anchor Capital Limited Liability, a Massachusetts-based fund reported 22,989 shares. Aqr Cap Management Ltd Llc last reported 0.01% of its portfolio in the stock. Moreover, Pnc Financial Ser Group Inc has 0% invested in AAR Corp. (NYSE:AIR) for 30,483 shares. Fuller Thaler Asset Inc accumulated 0% or 5,800 shares.

Insider Transactions: Since September 26, 2016, the stock had 0 insider buys, and 3 selling transactions for $940,285 net activity. $432,903 worth of AAR Corp. (NYSE:AIR) shares were sold by Regan Robert J. Another trade for 5,000 shares valued at $145,659 was made by PACE PETER on Monday, September 26. On Friday, October 7 the insider Holmes John McClain III sold $361,723.

AIR Company Profile

AAR CORP. (AAR), incorporated on April 11, 1966, is a well-known provider of services and products to the commercial aviation and government and defense markets. The Firm operates through two divisions: Aviation Services, which consists of supply chain and maintenance, repair and overhaul (MRO) activities, and Expeditionary Services, which includes airlift and mobility activities. The Company’s services and products include aviation supply chain and parts support programs; MRO of airframes, landing gear and certain other airframe components; design and manufacture of specialized pallets, shelters and containers; expeditionary airlift services, and aircraft modifications and aircraft and engine sales and leasing. The Firm serves commercial, defense and governmental aircraft fleet operators, original equipment manufacturers (OEMs) and independent service providers around the world, and various other domestic and foreign military customers.

More recent AAR Corp. (NYSE:AIR) news were published by: Nasdaq.com which released: “AAR Corp and Air New Zealand Sign PBH Partnership Deal” on November 18, 2016. Also Prnewswire.com published the news titled: “AAR CORP. Names New Treasurer” on March 31, 2016. Streetinsider.com‘s news article titled: “AAR Corp. (AIR) Wins SAAT Contract Valued Up to $125M” with publication date: October 06, 2016 was also an interesting one.

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By Linda Rogers


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