Breaking Short Interest: Allegheny Technologies Incorporated (NYSE:ATI) Has Increase in Shorts

November 24, 2016 - By Clifton Ray   ·   0 Comments

Breaking Short Interest: Allegheny Technologies Incorporated (NYSE:ATI) Has Increase in Shorts

The stock of Allegheny Technologies Incorporated (NYSE:ATI) registered an increase of 0.79% in short interest. ATI’s total short interest was 21.18M shares in November as published by FINRA. Its up 0.79% from 21.02M shares, reported previously. With 2.80 million shares average volume, it will take short sellers 8 days to cover their ATI’s short positions. The short interest to Allegheny Technologies Incorporated’s float is 19.73%. The stock increased 1.30% or $0.23 on November 23, hitting $17.99. About 2.35M shares traded hands. Allegheny Technologies Incorporated (NYSE:ATI) has risen 2.16% since April 22, 2016 and is uptrending. It has underperformed by 3.25% the S&P500.

Allegheny Technologies Incorporated is a specialty materials and components producer. The company has a market cap of $2.11 billion. The Firm operates through two business divisions: High Performance Materials & Components and Flat Rolled Products. It currently has negative earnings. ATI’s products include titanium and titanium alloys, nickel alloys and specialty steels, precision forgings, castings and machined components, zirconium and related alloys, precision and engineered stainless steel strip, and grain-oriented electrical steel.

Insitutional Activity: The institutional sentiment decreased to 1.02 in Q2 2016. Its down 0.20, from 1.22 in 2016Q1. The ratio turned negative, as 34 funds sold all Allegheny Technologies Incorporated shares owned while 56 reduced positions. 26 funds bought stakes while 84 increased positions. They now own 96.83 million shares or 13.70% more from 85.16 million shares in 2016Q1.
Boston owns 411,830 shares or 0.01% of their US portfolio. Amalgamated Bank holds 13,482 shares or 0.01% of its portfolio. Asset Mngmt accumulated 816,958 shares or 0.17% of the stock. Dimensional Fund Advsrs Limited Partnership reported 1.20M shares or 0.01% of all its holdings. Blackrock Group Ltd has 133,981 shares for 0% of their US portfolio. Geode Capital Mngmt Ltd Liability Corp holds 0% or 717,898 shares in its portfolio. Aperio Gp Ltd Liability accumulated 46,913 shares or 0% of the stock. Private Harbour Investment Counsel owns 145,865 shares or 1.53% of their US portfolio. Goldman Sachs Group accumulated 0% or 973,312 shares. Thompson Davis And holds 0.01% or 302 shares in its portfolio. Thrivent Finance For Lutherans has 15,290 shares for 0% of their US portfolio. Wells Fargo Comm Mn holds 0% of its portfolio in Allegheny Technologies Incorporated (NYSE:ATI) for 506,312 shares. Point72 Asset Mgmt Limited Partnership last reported 44,500 shares in the company. Fifth Third Bank & Trust, a Ohio-based fund reported 28,812 shares. Staley Advisers, a Pennsylvania-based fund reported 26,390 shares.

Allegheny Technologies Incorporated (NYSE:ATI) Ratings Coverage

Out of 8 analysts covering Allegheny Tech (NYSE:ATI), 7 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 88% are positive. Allegheny Tech has been the topic of 18 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The rating was maintained by Stifel Nicolaus with “Buy” on Thursday, October 1. The stock of Allegheny Technologies Incorporated (NYSE:ATI) earned “Hold” rating by Deutsche Bank on Wednesday, October 21. The firm has “Buy” rating given on Tuesday, February 9 by Buckingham Research. Cowen & Co initiated Allegheny Technologies Incorporated (NYSE:ATI) rating on Monday, April 4. Cowen & Co has “Market Perform” rating and $7 price target. Rosenblatt maintained the stock with “Buy” rating in Thursday, February 11 report. The stock of Allegheny Technologies Incorporated (NYSE:ATI) has “Buy” rating given on Friday, September 9 by Seaport Global. The stock has “Buy” rating given by Deutsche Bank on Monday, August 29. On Friday, December 11 the stock rating was upgraded by Rosenblatt to “Buy”. The company was maintained on Thursday, September 3 by Cowen & Co. On Tuesday, July 21 the stock rating was downgraded by Bank of America to “Neutral”.

ATI Company Profile

Allegheny Technologies Incorporated (ATI), incorporated on August 26, 1999, is a specialty materials and components producer. The Firm operates through two business divisions: High Performance Materials & Components and Flat Rolled Products. ATI’s products include titanium and titanium alloys, nickel alloys and specialty steels, precision forgings, castings and machined components, zirconium and related alloys, precision and engineered stainless steel strip, and grain-oriented electrical steel. The Company’s standard products include specialty stainless sheet, stainless steel sheet and stainless steel plate. It is engaged in the production of titanium alloys, nickel and cobalt alloys and superalloys, and vacuum-melted specialty alloys used in the manufacture of components for both commercial and military jet engines, as well as replacement parts for those engines. It also produces titanium alloys, vacuum-melted specialty alloys and stainless alloys for use in commercial and military airframes, airframe components and missiles. Titanium and titanium alloys are used to produce jet engine components, such as blades, vanes, discs, casings and airframe components, such as structural members, landing gear, hydraulic systems and fasteners.

More notable recent Allegheny Technologies Incorporated (NYSE:ATI) news were published by: Fool.com which released: “Why Allegheny Technologies Incorporated’s Shares Popped 11% Today” on August 29, 2016, also Fool.com with their article: “Why Allegheny Technologies Incorporated’s Shares Plunged 13% Today” published on May 18, 2016, Fool.com published: “Why Allegheny Technologies Incorporated’s Shares Popped 20% Today” on July 26, 2016. More interesting news about Allegheny Technologies Incorporated (NYSE:ATI) were released by: Fool.com and their article: “Why Allegheny Technologies Incorporated’s Shares Popped 40% in July” published on August 08, 2016 as well as Profitconfidential.com‘s news article titled: “Allegheny Technologies Incorporated: This ATI Stock Setup Has 244%+ Upside” with publication date: August 02, 2016.

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By Clifton Ray


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