Short Interest Summary: Will Aaon Incorporated (NASDAQ:AAON) Run Out of Steam Soon? Short Interest is Up

November 23, 2016 - By Dolores Ford   ·   0 Comments

Short Interest Summary: Will Aaon Incorporated (NASDAQ:AAON) Run Out of Steam Soon? Short Interest is Up

The stock of Aaon Incorporated (NASDAQ:AAON) registered an increase of 1.19% in short interest. AAON’s total short interest was 1.69 million shares in November as published by FINRA. Its up 1.19% from 1.67 million shares, reported previously. With 115,300 shares average volume, it will take short sellers 15 days to cover their AAON’s short positions. The short interest to Aaon Incorporated’s float is 4.23%. The stock increased 0.46% or $0.15 during the last trading session, hitting $33.05. AAON, Inc. (NASDAQ:AAON) has risen 22.41% since April 21, 2016 and is uptrending. It has outperformed by 17.08% the S&P500.

AAON, Inc. is engaged in the manufacture and sale of air-conditioning and heating equipment. The company has a market cap of $1.75 billion. The Company’s products consist of rooftop units, chillers, packaged outdoor mechanical rooms, air handling units, makeup air units, energy recovery units, condensing units, self-contained units and coils. It has a 32.24 P/E ratio. The Company’s products serve the commercial, and industrial new construction and replacement markets.

Insitutional Activity: The institutional sentiment increased to 1.67 in Q2 2016. Its up 0.14, from 1.53 in 2016Q1. The ratio improved, as 14 funds sold all AAON, Inc. shares owned while 31 reduced positions. 15 funds bought stakes while 54 increased positions. They now own 29.96 million shares or 4.00% less from 31.21 million shares in 2016Q1.
Fdx Advsr reported 9,887 shares or 0.01% of all its holdings. Teachers Retirement Systems Of The State Of Kentucky owns 53,661 shares or 0.02% of their US portfolio. Victory Mgmt holds 0% or 3,172 shares in its portfolio. Blackrock Institutional Tru Company Na owns 1.01M shares or 0% of their US portfolio. Louisiana State Employees Retirement Systems reported 17,650 shares or 0.03% of all its holdings. Comerica Financial Bank, a Michigan-based fund reported 40,032 shares. Next Grp Incorporated last reported 36 shares in the company. Tudor Inv Corporation Et Al owns 12,224 shares or 0.01% of their US portfolio. Tiverton Asset Management Lc holds 0.31% of its portfolio in AAON, Inc. (NASDAQ:AAON) for 265,759 shares. Moreover, Pnc Fincl Services Grp has 0% invested in AAON, Inc. (NASDAQ:AAON) for 478 shares. Manufacturers Life Insur The holds 28,471 shares or 0% of its portfolio. Schwab Charles Management Incorporated holds 140,273 shares or 0% of its portfolio. Alliancebernstein Lp has 0% invested in the company for 64,223 shares. Moreover, Macquarie Grp Limited has 0.05% invested in AAON, Inc. (NASDAQ:AAON) for 929,789 shares. Ellington Mgmt Gp Limited Liability Corporation reported 7,600 shares or 0.29% of all its holdings.

Insider Transactions: Since August 24, 2016, the stock had 0 buys, and 1 insider sale for $50,176 net activity. $50,176 worth of AAON, Inc. (NASDAQ:AAON) was sold by Thompson Rebecca.

AAON, Inc. (NASDAQ:AAON) Ratings Coverage

Out of 2 analysts covering AAON Inc (NASDAQ:AAON), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. $30 is the highest target while $21 is the lowest. The $25.50 average target is -22.84% below today’s ($33.05) stock price. AAON Inc has been the topic of 2 analyst reports since January 12, 2016 according to StockzIntelligence Inc.

AAON Company Profile

AAON, Inc. (AAON), incorporated on August 18, 1987, is engaged in the manufacture and sale of air-conditioning and heating equipment. The Company’s products consist of rooftop units, chillers, packaged outdoor mechanical rooms, air handling units, makeup air units, energy recovery units, condensing units, self-contained units and coils. The Company’s products serve the commercial, and industrial new construction and replacement markets. The Company’s rooftop and condenser unit markets consist of units installed on commercial or industrial structures of over 10 stories in height. The Company’s air handling units, self-contained units, chillers, packaged outdoor mechanical rooms and coils are applicable to all sizes of commercial and industrial buildings. The replacement market consists of products installed to replace existing units/components that are worn or damaged. The Company’s operating subsidiaries are AAON, Inc. and AAON Coil Products, Inc. It markets its products to over 50 states in the United States and certain provinces in Canada.

More news for AAON, Inc. (NASDAQ:AAON) were recently published by: Seekingalpha.com, which released: “AAON: Diamond Among The Trash?” on November 21, 2016. Zacks.com‘s article titled: “AAON Inc (AAON) Worth a Look: Stock Adds 6% in Session” and published on November 14, 2016 is yet another important article.

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By Dolores Ford


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