Short Interest Coverage: Could Ampco-pittsburgh Corporation (NYSE:AP) Go Up After Its Newest Short Interest Report?

November 24, 2016 - By Richard Conner   ·   0 Comments

Short Interest Coverage: Could Ampco pittsburgh Corporation (NYSE:AP) Go Up After Its Newest Short Interest Report?

The stock of Ampco-pittsburgh Corporation (NYSE:AP) registered an increase of 4.8% in short interest. AP’s total short interest was 253,400 shares in November as published by FINRA. Its up 4.8% from 241,800 shares, reported previously. With 14,600 shares average volume, it will take short sellers 17 days to cover their AP’s short positions. The short interest to Ampco-pittsburgh Corporation’s float is 2.86%. The stock decreased 0.32% or $0.05 on November 23, hitting $15.5. About 63,415 shares traded hands or 122.15% up from the average. Ampco-Pittsburgh Corp (NYSE:AP) has declined 16.03% since April 22, 2016 and is downtrending. It has underperformed by 21.44% the S&P500.

Ampco-Pittsburgh Corporation is engaged in manufacturing and selling specialty metal products and customized equipment utilized by industry throughout the world. The company has a market cap of $194.57 million. The Firm operates through two divisions: the Forged and Cast Engineered Products segment, and the Air and Liquid Processing segment. It currently has negative earnings. The Forged and Cast Engineered Products segment consists of Union Electric Steel Corporation and Union Electric Steel UK Limited (UES-UK).

Insitutional Activity: The institutional sentiment decreased to 1.07 in 2016 Q2. Its down 0.63, from 1.7 in 2016Q1. The ratio fall, as 6 funds sold all Ampco-Pittsburgh Corp shares owned while 17 reduced positions. 14 funds bought stakes while 25 increased positions. They now own 6.36 million shares or 6.23% more from 5.99 million shares in 2016Q1.
Jpmorgan Chase And Co holds 0% of its portfolio in Ampco-Pittsburgh Corp (NYSE:AP) for 4,062 shares. Acadian Asset Management Limited Liability, a Massachusetts-based fund reported 58,346 shares. Creative Planning has 0% invested in the company for 800 shares. Moreover, Dimensional Fund Advisors Lp has 0% invested in Ampco-Pittsburgh Corp (NYSE:AP) for 518,143 shares. Walleye Trading Limited Liability Company reported 1,361 shares or 0% of all its holdings. Vanguard Grp has 0% invested in the company for 418,412 shares. Parametric Port Assocs Ltd Liability Corp holds 0% of its portfolio in Ampco-Pittsburgh Corp (NYSE:AP) for 25,184 shares. Thompson Davis Inc reported 500 shares or 0.01% of all its holdings. Ny State Common Retirement Fund holds 8,800 shares or 0% of its portfolio. Brandywine Glob Inv Ltd Com holds 16,919 shares or 0% of its portfolio. First Interstate Bankshares has 0% invested in the company for 600 shares. Geode Cap Mngmt Lc has 0% invested in the company for 55,837 shares. State Street Corp has 72,203 shares for 0% of their US portfolio. Bnp Paribas Arbitrage Sa holds 0% of its portfolio in Ampco-Pittsburgh Corp (NYSE:AP) for 339 shares. Moreover, Clearbridge Invests Limited Liability has 0% invested in Ampco-Pittsburgh Corp (NYSE:AP) for 1,600 shares.

AP Company Profile

Ampco-Pittsburgh Corporation, incorporated on January 30, 1929, is engaged in manufacturing and selling specialty metal products and customized equipment utilized by industry throughout the world. The Firm operates through two divisions: the Forged and Cast Engineered Products segment, and the Air and Liquid Processing segment. The Forged and Cast Engineered Products segment consists of Union Electric Steel Corporation (Union Electric Steel or UES) and Union Electric Steel UK Limited (UES-UK). The Air and Liquid Processing segment includes Aerofin, Buffalo Air Handling and Buffalo Pumps, all divisions of Air & Liquid Systems Corporation (Air and Liquid), a subsidiary of the Company.

More recent Ampco-Pittsburgh Corp (NYSE:AP) news were published by: Quotes.Wsj.com which released: “News Ampco-Pittsburgh Corp.AP” on February 11, 2011. Also Businesswire.com published the news titled: “Ampco-Pittsburgh Corporation Announces Acquisition of Alloys Unlimited …” on July 29, 2015. Businesswire.com‘s news article titled: “Ampco-Pittsburgh Corporation to Acquire Ã…kers AB” with publication date: December 02, 2015 was also an interesting one.

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By Richard Conner


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