Short Interest Report: A Reversal for Addvantage Tech Group Incorporated (NASDAQ:AEY) Is Not Near. The Stock Has Rise in Shorts

November 23, 2016 - By Ellis Scott   ·   0 Comments

Short Interest Report: A Reversal for Addvantage Tech Group Incorporated (NASDAQ:AEY) Is Not Near. The Stock Has Rise in Shorts

The stock of Addvantage Tech Group Incorporated (NASDAQ:AEY) registered an increase of 105.88% in short interest. AEY’s total short interest was 3,500 shares in November as published by FINRA. Its up 105.88% from 1,700 shares, reported previously. With 9,500 shares average volume, it will take short sellers 0 days to cover their AEY’s short positions. The short interest to Addvantage Tech Group Incorporated’s float is 0.08%. About 3,280 shares traded hands. ADDvantage Technologies Group, Inc. (NASDAQ:AEY) has declined 3.33% since April 21, 2016 and is downtrending. It has underperformed by 8.66% the S&P500.

ADDvantage Technologies Group, Inc., through its subsidiaries, distributes and services a range of electronics and hardware for the cable television and telecommunications (Telco) industries. The company has a market cap of $17.63 million. The Firm provides equipment repair services to cable operators. It has a 25.38 P/E ratio. The Firm has two divisions: Cable Television (Cable TV) and Telecommunications (Telco).

Insitutional Activity: The institutional sentiment increased to 4.5 in 2016 Q2. Its up 3.17, from 1.33 in 2016Q1. The ratio improved, as 1 funds sold all ADDvantage Technologies Group, Inc. shares owned while 2 reduced positions. 2 funds bought stakes while 2 increased positions. They now own 504,545 shares or 16.79% less from 606,385 shares in 2016Q1.
California Public Employees Retirement System holds 0% of its portfolio in ADDvantage Technologies Group, Inc. (NASDAQ:AEY) for 18,600 shares. Renaissance Tech Limited Company holds 169,700 shares or 0% of its portfolio. Creative Planning owns 4,419 shares or 0% of their US portfolio. Moreover, Commonwealth Equity Services has 0% invested in ADDvantage Technologies Group, Inc. (NASDAQ:AEY) for 18,220 shares. Morgan Stanley accumulated 0% or 250 shares. Commercial Bank Of America Corporation De has 9 shares for 0% of their US portfolio. Vanguard Group holds 96,351 shares or 0% of its portfolio. Blackrock Fund Advsr has 0% invested in the company for 948 shares. Dimensional Fund L P accumulated 181,195 shares or 0% of the stock. Geode Capital Mgmt Lc has invested 0% of its portfolio in ADDvantage Technologies Group, Inc. (NASDAQ:AEY). Tower Research Cap Ltd Liability Com (Trc) has 0% invested in the company for 194 shares. Manufacturers Life Com The last reported 2,731 shares in the company.

AEY Company Profile

ADDvantage Technologies Group, Inc., incorporated on September 20, 1989, through its subsidiaries, distributes and services a range of electronics and hardware for the cable television (Cable TV) and telecommunications (Telco) industries. The Firm has two divisions: Cable Television (Cable TV) and Telecommunications (Telco). The Firm provides equipment repair services to cable operators. The Firm maintains inventories of new and used equipment. The Company’s subsidiaries operate technical service centers that service/repair various brands of Cable TV equipment. The Firm markets and sells its products to franchise and private multiple system operators (MSOs), telecommunication companies, system contractors and other resellers.

More notable recent ADDvantage Technologies Group, Inc. (NASDAQ:AEY) news were published by: Globenewswire.com which released: “ADDvantage Technologies Group, Inc. to Report Financial Results for the Fiscal …” on January 26, 2016, also Streetinsider.com with their article: “Addvantage Technologies Group (AEY) Acquires Triton Datacom” published on October 19, 2016, Equitiesfocus.com published: “ADDvantage Technologies Group, Inc. (NASDAQ:AEY) Quarterly EPS From Continuing …” on November 18, 2016. More interesting news about ADDvantage Technologies Group, Inc. (NASDAQ:AEY) were released by: Seekingalpha.com and their article: “ADDvantage Technologies Group’s (AEY) CEO David Humphrey on Q3 2016 Results …” published on August 09, 2016 as well as Globenewswire.com‘s news article titled: “ADDvantage Technologies Announces Strategic Joint Venture to Provide …” with publication date: March 10, 2016.

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By Ellis Scott

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