Today’s Short Interest: Appliance Recycling Centers American (NASDAQ:ARCI) Shorted Shares Increased By 9.85%

November 24, 2016 - By Darrin Black   ·   0 Comments

Today's Short Interest: Appliance Recycling Centers American (NASDAQ:ARCI) Shorted Shares Increased By 9.85%

The stock of Appliance Recycling Centers American (NASDAQ:ARCI) registered an increase of 9.85% in short interest. ARCI’s total short interest was 36,800 shares in November as published by FINRA. Its up 9.85% from 33,500 shares, reported previously. With 4,200 shares average volume, it will take short sellers 9 days to cover their ARCI’s short positions. The short interest to Appliance Recycling Centers American’s float is 0.94%. The stock decreased 8.26% or $0.09 on November 23, hitting $1. About 24,087 shares traded hands. Appliance Recycling Centers of America (NASDAQ:ARCI) has declined 20.63% since April 22, 2016 and is downtrending. It has underperformed by 26.04% the S&P500.

Appliance Recycling Centers of America, Inc. is engaged in the business of selling and recycling household appliances in North America. The company has a market cap of $6.59 million. The Firm has two divisions: recycling and retail. It currently has negative earnings. The Firm sells household appliances in the United States though its chain of Company-owned retail stores, operating under the name ApplianceSmart.

Insitutional Activity: The institutional sentiment increased to 2.5 in Q2 2016. Its up 0.50, from 2 in 2016Q1. The ratio is positive, as 2 funds sold all Appliance Recycling Centers of America shares owned while 0 reduced positions. 1 funds bought stakes while 3 increased positions. They now own 406,246 shares or 10.28% less from 452,792 shares in 2016Q1.
Perkins Mngmt, a Minnesota-based fund reported 180,254 shares. The Pennsylvania-based Vanguard Group Inc Inc has invested 0% in Appliance Recycling Centers of America (NASDAQ:ARCI). The California-based First Wilshire has invested 0.01% in Appliance Recycling Centers of America (NASDAQ:ARCI). Blackrock Fund Advsrs accumulated 812 shares or 0% of the stock. Natl Bank Of Mellon, a New York-based fund reported 10,113 shares. Renaissance Techs Ltd accumulated 0% or 171,000 shares. Tower Research Capital Ltd (Trc) has invested 0% of its portfolio in Appliance Recycling Centers of America (NASDAQ:ARCI).

ARCI Company Profile

Appliance Recycling Centers of America, Inc., incorporated on June 27, 1983, is engaged in the business of selling and recycling household appliances in North America. The Firm has two divisions: recycling and retail. The Firm sells household appliances in the United States though its chain of Company-owned retail stores, operating under the name ApplianceSmart. ApplianceSmart operates 18 stores, which include six in the Minneapolis/St. Paul market; a store in Rochester, Minnesota; a store in St. Cloud, Minnesota; four in the Columbus, Ohio market; four in the Atlanta, Georgia market, and two in the San Antonio, Texas market. The Company’s recycling segment focuses on collecting, recycling and installing appliances for utilities and other customers. The Company’s recycling segment also focuses on the agreement with General Electric (GE). GE sells its recyclable appliances in certain regions of the United States to the Company, and the Company collects, processes and recycles the appliances. These appliances include units manufactured by GE, as well as by other manufacturers. The Company’s retail segment focuses on the sale of appliances through ApplianceSmart stores.

More notable recent Appliance Recycling Centers of America (NASDAQ:ARCI) news were published by: Reuters.com which released: “BRIEF-Appliance Recycling Centers of America says qtrly net sales declined…” on November 21, 2016, also Globenewswire.com with their article: “Appliance Recycling Centers of America Reports Third Quarter 2016 Operating …” published on November 21, 2016, Startribune.com published: “Appliance Recycling Centers of America CEO Jack Cameron retires for second time” on February 29, 2016. More interesting news about Appliance Recycling Centers of America (NASDAQ:ARCI) were released by: Prnewswire.com and their article: “Appliance Recycling Centers of America, Inc. (ARCA) Announces Appointment of …” published on January 21, 2016 as well as Prnewswire.com‘s news article titled: “Appliance Recycling Centers of America (ARCA) Contract with Xcel Energy …” with publication date: December 14, 2015.

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By Darrin Black

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