Short Interest Reporting: Could Aegion Corporation (NASDAQ:AEGN) Skyrocket? The Stock Had Too Little Sellers

November 23, 2016 - By Dolores Ford   ·   0 Comments

Short Interest Reporting: Could Aegion Corporation (NASDAQ:AEGN) Skyrocket? The Stock Had Too Little Sellers

The stock of Aegion Corporation (NASDAQ:AEGN) registered a decrease of 1.05% in short interest. AEGN’s total short interest was 756,700 shares in November as published by FINRA. Its down 1.05% from 764,700 shares, reported previously. With 115,300 shares average volume, it will take short sellers 7 days to cover their AEGN’s short positions. The short interest to Aegion Corporation’s float is 2.33%. About 103,235 shares traded hands. Aegion Corp (NASDAQ:AEGN) has risen 20.26% since April 21, 2016 and is uptrending. It has outperformed by 14.93% the S&P500.

Aegion Corporation is engaged in providing infrastructure protection and maintenance. The company has a market cap of $906.38 million. The Firm is engaged in providing technologies and services to protect against the corrosion of industrial pipelines, and rehabilitate and strengthen water, wastewater, energy and mining piping systems and buildings, bridges, tunnels and waterfront structures. It currently has negative earnings. It operates through three divisions: Infrastructure Solutions, Corrosion Protection and Energy Services.

Insitutional Activity: The institutional sentiment increased to 1.11 in Q2 2016. Its up 0.23, from 0.88 in 2016Q1. The ratio improved, as 13 funds sold all Aegion Corp shares owned while 53 reduced positions. 11 funds bought stakes while 47 increased positions. They now own 29.08 million shares or 7.82% less from 31.55 million shares in 2016Q1.
Bridgeway accumulated 219,991 shares or 0.07% of the stock. Panagora Asset Mngmt accumulated 667,326 shares or 0.06% of the stock. First Citizens Savings Bank And Tru Company last reported 15,557 shares in the company. Highbridge Mgmt Limited Liability Corp holds 0.01% of its portfolio in Aegion Corp (NASDAQ:AEGN) for 35,001 shares. Principal Group Inc holds 0.01% or 248,289 shares in its portfolio. Calvert Inv Management accumulated 0.13% or 126,393 shares. Strs Ohio accumulated 0% or 40,000 shares. Foundry Prtnrs Ltd Liability Corp accumulated 0.26% or 239,051 shares. California State Teachers Retirement Systems last reported 0% of its portfolio in the stock. Axa, a France-based fund reported 91,400 shares. Adams Diversified Equity Fund Inc has invested 0.03% of its portfolio in Aegion Corp (NASDAQ:AEGN). Ameriprise Fincl Incorporated owns 279,645 shares or 0% of their US portfolio. Loomis Sayles & L P holds 439 shares or 0% of its portfolio. Americafirst Mgmt Ltd Liability Company reported 12,121 shares or 0% of all its holdings. Moreover, Barrow Hanley Mewhinney & Strauss Limited Liability Corp has 0% invested in Aegion Corp (NASDAQ:AEGN) for 25,097 shares.

Aegion Corp (NASDAQ:AEGN) Ratings Coverage

Out of 2 analysts covering Aegion (NASDAQ:AEGN), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. Aegion has been the topic of 5 analyst reports since January 5, 2016 according to StockzIntelligence Inc. Stifel Nicolaus reinitiated the shares of AEGN in a report on Tuesday, January 5 with “Hold” rating. The stock has “Neutral” rating given by Sidoti on Friday, March 11. Sidoti initiated the shares of AEGN in a report on Monday, June 27 with “Neutral” rating. The stock has “Buy” rating given by Sidoti on Tuesday, January 19. The stock has “Buy” rating given by Sidoti on Tuesday, November 22.

AEGN Company Profile

Aegion Corporation (Aegion), incorporated on August 17, 2011, is engaged in providing infrastructure protection and maintenance. The Firm operates through three divisions: Infrastructure Solutions, Corrosion Protection and Energy Services. The Firm is engaged in providing technologies and services to protect against the corrosion of industrial pipelines; rehabilitate and strengthen water, wastewater, energy and mining piping systems, as well as buildings, bridges, tunnels and other commercial and industrial structures, and utilize integrated professional services in engineering, procurement, construction, maintenance and turnaround services for a range of energy related industries. The Company’s business activities include manufacturing, distribution, maintenance, construction, installation, coating and insulation, cathodic protection, research and development and licensing. The Firm offers service solutions, including rehabilitation of water and wastewater pipelines with Insituform cured-in-place pipe (CIPP) products; fusible polyvinyl chloride products for rehabilitation; fiber reinforced polymer systems for rehabilitation and strengthening; cathodic protection for corrosion engineering control and infrastructure rehabilitation; pipe coatings for corrosion control and prevention; high density polyethylene (HDPE) pipe lining for corrosion control, abrasion protection and pipeline rehabilitation, and construction and maintenance of gas and oil facilities.

More news for Aegion Corp (NASDAQ:AEGN) were recently published by: Marketwatch.com, which released: “Aegion upgraded to buy from neutral at Hilliard Lyons” on April 22, 2011. Quotes.Wsj.com‘s article titled: “News Aegion Corp.AEGN” and published on October 26, 2011 is yet another important article.

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By Dolores Ford


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