Short Interest of The Day: Could Alcoa Incorporated (NYSE:AA) Go Down After Its Newest Short Interest Report?

November 23, 2016 - By Pete Kolinski   ·   0 Comments

Short Interest of The Day: Could Alcoa Incorporated (NYSE:AA) Go Down After Its Newest Short Interest Report?

The stock of Alcoa Incorporated (NYSE:AA) registered a decrease of 13.09% in short interest. AA’s total short interest was 27.08 million shares in November as published by FINRA. Its down 13.09% from 31.16M shares, reported previously. With 8.90 million shares average volume, it will take short sellers 3 days to cover their AA’s short positions. The short interest to Alcoa Incorporated’s float is 6.58%. The stock decreased 1.44% or $0.29 during the last trading session, hitting $19.89. Arconic Inc (NYSE:ARNC) has risen 154.64% since April 21, 2016 and is uptrending. It has outperformed by 149.31% the S&P500.

Arconic Inc., formerly Alcoa Inc., is engaged in providing materials and engineered products. The company has a market cap of $8.84 billion. The Firm operates through divisions, including Global Rolled Products, Engineered Products and Solutions, and Transportation and Construction Solutions. It currently has negative earnings. The Firm offers engineered products and solutions, including fastening systems and rings, titanium and engineered products, power and propulsion, and forgings and extrusions.

Insitutional Activity: The institutional sentiment decreased to 0.55 in 2016 Q2. Its down 0.44, from 0.99 in 2016Q1. The ratio dived, as 47 funds sold all Arconic Inc shares owned while 191 reduced positions. 51 funds bought stakes while 185 increased positions. They now own 775.17 million shares or 3.51% more from 748.92 million shares in 2016Q1.
Gemmer Asset Mgmt Ltd Com has 380 shares for 0% of their US portfolio. Aviva Public Limited Company has 0.05% invested in the company for 782,151 shares. Trafelet Brokaw Capital Management Lp last reported 5,000 shares in the company. Franklin Resource accumulated 881,027 shares or 0% of the stock. Norinchukin Bank & Trust The holds 68,980 shares or 0.02% of its portfolio. Amica Pension Fund Board Of Trustees accumulated 0.22% or 177,731 shares. Babson Capital Management Limited Company has 0.01% invested in the company for 37,717 shares. Fiduciary Commerce accumulated 0% or 14,501 shares. Capital Guardian Tru reported 648 shares or 0% of all its holdings. Diligent Invsts Limited Liability Corporation reported 40,257 shares or 0.35% of all its holdings. Burke Herbert Bancorp Tru holds 18,382 shares or 0.16% of its portfolio. Us Bank & Trust De, a Minnesota-based fund reported 204,766 shares. Tctc Limited Company last reported 21,300 shares in the company. D L Carlson Grp Inc holds 0.05% or 14,000 shares in its portfolio. Engineers Gate Manager Limited Partnership last reported 0.02% of its portfolio in the stock.

Insider Transactions: Since July 13, 2016, the stock had 5 insider purchases, and 0 sales for $139,828 net activity. SCHMIDT ULRICH also bought $52,000 worth of Arconic Inc (NYSE:ARNC) on Wednesday, July 20. TATA RATAN bought $21,932 worth of stock or 2,045 shares. SORRELL MARTIN bought $21,932 worth of Arconic Inc (NYSE:ARNC) on Thursday, October 13.

ARNC Company Profile

Arconic Inc., formerly Alcoa Inc., incorporated on September 18, 1888, is engaged in providing materials and engineered products. The Firm operates through divisions, including Global Rolled Products, Engineered Products and Solutions, and Transportation and Construction Solutions. The Company’s engineered products and solutions include fastening systems and rings, titanium and engineered products, power and propulsion, and forgings and extrusions. The Company’s transportation and construction solutions include wheel and transportation products; building and construction systems, and extrusions. The Company’s global rolled products include aerospace and automotive products; Micromill services and products, and brazing, commercial transportation and industrial solutions. The Firm offers a range of aluminum sheet and plate products for the aerospace, automotive, commercial transportation, brazing and industrial markets. The Company’s product portfolio is focused on Arconic Micromill technology.

More notable recent Arconic Inc (NYSE:ARNC) news were published by: Wsj.com which released: “Alcoa Rises, Arconic Slips in Market Debut” on November 01, 2016, also Wsj.com with their article: “Alcoa Heir Arconic in $1 Billion Supply Deal With Airbus” published on November 07, 2016, Seekingalpha.com published: “Arconic Vs. Alcoa: What’s The Better Investment?” on November 15, 2016. More interesting news about Arconic Inc (NYSE:ARNC) were released by: Zacks.com and their article: “Should You Get Rid of Arconic Inc. (ARNC) Now?” published on November 22, 2016 as well as Marketwatch.com‘s news article titled: “Virtual Stock Exchange” with publication date: November 01, 2016.

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By Pete Kolinski


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