Short Interest To Observe: A Reversal for Amrep Corporation New (NYSE:AXR) Is Near. The Stock Has Decrease in Shorts

November 25, 2016 - By Marie Mckinney   ·   0 Comments

Short Interest To Observe: A Reversal for Amrep Corporation New (NYSE:AXR) Is Near. The Stock Has Decrease in Shorts

The stock of Amrep Corporation New (NYSE:AXR) registered a decrease of 5.71% in short interest. AXR’s total short interest was 26,400 shares in November as published by FINRA. Its down 5.71% from 28,000 shares, reported previously. With 7,300 shares average volume, it will take short sellers 4 days to cover their AXR’s short positions. The short interest to Amrep Corporation New’s float is 0.8%. The stock decreased 2.95% or $0.23 on November 23, hitting $7.56. AMREP Corporation (NYSE:AXR) has risen 73.79% since April 22, 2016 and is uptrending. It has outperformed by 68.38% the S&P500.

Amrep Corporation is a holding company. The company has a market cap of $59.22 million. The Company, through its subsidiaries, operates through two divisions: real estate activities and fulfillment services. It currently has negative earnings. The Firm conducts its real estate business through AMREP Southwest Inc. and its subsidiaries, with its activities occurring primarily in the City of Rio Rancho and certain adjoining areas of Sandoval County, New Mexico.

Insitutional Activity: The institutional sentiment increased to 1.83 in 2016 Q2. Its up 1.12, from 0.71 in 2016Q1. The ratio increased, as 3 funds sold all AMREP Corporation shares owned while 4 reduced positions. 1 funds bought stakes while 4 increased positions. They now own 1.66 million shares or 3.72% less from 1.72 million shares in 2016Q1.
Bridgeway Capital Mgmt Incorporated reported 17,000 shares or 0% of all its holdings. Osmium Ptnrs last reported 36,773 shares in the company. Nationwide Fund reported 216 shares or 0% of all its holdings. The California-based Blackrock Institutional Tru Comm Na has invested 0% in AMREP Corporation (NYSE:AXR). Dimensional Fund Advisors L P holds 0% of its portfolio in AMREP Corporation (NYSE:AXR) for 213,246 shares. Morgan Stanley last reported 27 shares in the company. Moreover, California Pub Employees Retirement Sys has 0% invested in AMREP Corporation (NYSE:AXR) for 22,809 shares. Blackrock Mgmt Limited Liability Corp has invested 0% of its portfolio in AMREP Corporation (NYSE:AXR). Hightower Advsr Ltd Limited Liability Company, a Illinois-based fund reported 62,477 shares. Blackrock Fund Advsr has 0% invested in the company for 4,515 shares. Moreover, Oppenheimer & Close has 0.23% invested in AMREP Corporation (NYSE:AXR) for 49,032 shares. Renaissance Techs Ltd has invested 0% of its portfolio in AMREP Corporation (NYSE:AXR). Susquehanna Gp Llp holds 14,047 shares or 0% of its portfolio. Royal Bank & Trust Of Canada owns 10,590 shares or 0% of their US portfolio. Arbiter Prtn Mngmt Ltd Liability has 0.07% invested in the company for 113,095 shares.

AXR Company Profile

Amrep Corporation, incorporated on August 7, 1987, is a holding company. The Company, through its subsidiaries, operates through two divisions: the real estate business operated by AMREP Southwest Inc. (AMREP Southwest) and its subsidiaries, and the Fulfillment Services business operated by Palm Coast Data LLC (Palm Coast) and its affiliates.

More notable recent AMREP Corporation (NYSE:AXR) news were published by: Prnewswire.com which released: “AMREP Announces Appointment of Chief Financial Officer” on August 18, 2016, also Prnewswire.com with their article: “AMREP Reports Fiscal 2016 Results” published on July 29, 2016, Prnewswire.com published: “AMREP Corporation Announces Officer and Director Changes” on January 23, 2013. More interesting news about AMREP Corporation (NYSE:AXR) were released by: Prnewswire.com and their article: “AMREP Announces Retirement Of CFO Pete Pizza; Clifford Martin Named As Successor” published on April 28, 2016 as well as Njbiz.com‘s news article titled: “Princeton-based AMREP names new CFO” with publication date: August 19, 2016.

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By Marie Mckinney

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