Short Interest: Could Allegion Public Limited Company (NYSE:ALLE) Change Direction After More Shorts?

November 24, 2016 - By Pete Kolinski   ·   0 Comments

Short Interest: Could Allegion Public Limited Company (NYSE:ALLE) Change Direction After More Shorts?

The stock of Allegion Public Limited Company (NYSE:ALLE) registered an increase of 9.77% in short interest. ALLE’s total short interest was 1.96M shares in November as published by FINRA. Its up 9.77% from 1.78 million shares, reported previously. With 1.08M shares average volume, it will take short sellers 2 days to cover their ALLE’s short positions. The short interest to Allegion Public Limited Company’s float is 2.05%. The stock decreased 0.44% or $0.3 on November 23, hitting $67.7. About 648,092 shares traded hands. Allegion PLC (NYSE:ALLE) has risen 5.39% since April 22, 2016 and is uptrending. It has underperformed by 0.02% the S&P500.

Allegion Public Limited Company is a well-known provider of security products and solutions. The company has a market cap of $6.51 billion. The Firm offers a portfolio of mechanical and electronic security products across a range of brands. It has a 28.99 P/E ratio. It operates through three divisions: Americas; Europe, the Middle East, India and Africa , and Asia Pacific.

Insitutional Activity: The institutional sentiment increased to 1.09 in 2016 Q2. Its up 0.35, from 0.74 in 2016Q1. The ratio increased, as 42 funds sold all Allegion PLC shares owned while 130 reduced positions. 28 funds bought stakes while 99 increased positions. They now own 83.07 million shares or 0.58% less from 83.55 million shares in 2016Q1.
Thrivent Finance For Lutherans last reported 0.01% of its portfolio in the stock. Thomas J Herzfeld Advsrs last reported 0.01% of its portfolio in the stock. Moreover, Css Lc Il has 0.04% invested in Allegion PLC (NYSE:ALLE) for 7,663 shares. Aberdeen Asset Public Limited Company Uk accumulated 0% or 18,333 shares. Manchester Capital Mngmt Ltd Liability Corporation has 387 shares for 0% of their US portfolio. Amp Capital Invsts Ltd has 0.02% invested in the company for 41,684 shares. Diker Mgmt Limited Co, a New York-based fund reported 51,200 shares. Driehaus Capital Management Ltd Company last reported 0.05% of its portfolio in the stock. Friess Associates Lc has invested 1.48% of its portfolio in Allegion PLC (NYSE:ALLE). D E Shaw Co Inc accumulated 0.09% or 706,346 shares. Shamrock Asset Management Lc holds 0% of its portfolio in Allegion PLC (NYSE:ALLE) for 16 shares. Endurance Wealth Mgmt Inc owns 433 shares or 0.01% of their US portfolio. Raymond James And Associate accumulated 0.01% or 32,204 shares. Herndon Management Lc holds 0% of its portfolio in Allegion PLC (NYSE:ALLE) for 9 shares. Rhumbline Advisers has invested 0.03% of its portfolio in Allegion PLC (NYSE:ALLE).

Allegion PLC (NYSE:ALLE) Ratings Coverage

Out of 9 analysts covering Allegion PLC (NYSE:ALLE), 9 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Allegion PLC has been the topic of 16 analyst reports since August 3, 2015 according to StockzIntelligence Inc. Goldman Sachs initiated the shares of ALLE in a report on Friday, June 10 with “Buy” rating. The rating was upgraded by CLSA on Monday, October 17 to “Buy”. Imperial Capital downgraded it to “In-Line” rating and $79 target price in Tuesday, August 2 report. The firm has “Outperform” rating given on Wednesday, September 23 by Credit Suisse. Imperial Capital upgraded the stock to “Outperform” rating in Thursday, January 14 report. The stock has “Buy” rating given by Credit Agricole on Friday, February 12. Bank of America initiated the stock with “Buy” rating in Wednesday, November 18 report. The rating was downgraded by Imperial Capital on Thursday, November 5 to “In-Line”. The stock of Allegion PLC (NYSE:ALLE) has “Buy” rating given on Thursday, October 6 by Berenberg. Bernstein upgraded it to “Outperform” rating and $70 target price in Tuesday, January 19 report.

ALLE Company Profile

Allegion Public Limited Company, incorporated on May 9, 2013, is a well-known provider of security products and solutions. The Firm offers a portfolio of mechanical and electronic security products across a range of brands. The Firm operates through three divisions: Americas; Europe, the Middle East, India and Africa (EMEIA), and Asia Pacific. The Company’s products include door closers and controls, electronic security products, exit devices, time, attendance and workforce productivity systems, door and door frames (steel), electronic and biometric access control systems, locks, locksets and key systems, and other accessories. The Firm sells its products and solutions under the brands, including CISA, AXA, Briton, Falcon, LCN, Interflex, Von Duprin, Schlage, Milre, PegaSys, SimonsVoss, aptiQ, IVES and Brio. It sells a range of security products and solutions for end users in commercial, institutional and residential facilities around the world, including into the education, healthcare, government, hospitality, commercial office, and single and multi-family residential markets.

More recent Allegion PLC (NYSE:ALLE) news were published by: Marketwatch.com which released: “/quotes/zigman/3870025/realtime” on December 04, 2013. Also Quotes.Wsj.com published the news titled: “Allegion PLC ALLE (US: NYSE)” on March 18, 2011. Seekingalpha.com‘s news article titled: “Allegion Plc (ALLE) Dave Petratis on Q3 2016 Results – Earnings Call Transcript” with publication date: October 30, 2016 was also an interesting one.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By Pete Kolinski

Tags: , ,


Readers Comments (0)





Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:


Recent Market News

>