Short Interest Worth Mentioning: Aerovironment Incorporated (NASDAQ:AVAV) on Focus After Report of More Shorts

November 25, 2016 - By Nellie Frank   ·   0 Comments

Short Interest Worth Mentioning: Aerovironment Incorporated (NASDAQ:AVAV) on Focus After Report of More Shorts

The stock of Aerovironment Incorporated (NASDAQ:AVAV) registered an increase of 12.83% in short interest. AVAV’s total short interest was 1.76M shares in November as published by FINRA. Its up 12.83% from 1.56M shares, reported previously. With 118,200 shares average volume, it will take short sellers 15 days to cover their AVAV’s short positions. The short interest to Aerovironment Incorporated’s float is 8.71%. The stock increased 0.21% or $0.06 on November 23, hitting $28.59. AeroVironment, Inc. (NASDAQ:AVAV) has declined 1.11% since April 22, 2016 and is downtrending. It has underperformed by 6.52% the S&P500.

AeroVironment, Inc. designs, develops, produces, supports and operates a portfolio of services and products for government agencies, businesses and consumers. The company has a market cap of $670.06 million. The Firm operates through two divisions: Unmanned Aircraft Systems , which focuses primarily on the design, development, production, support and operation of UAS and tactical missile systems that provide situational awareness, multi-band communications, force protection and other mission effects, and Efficient Energy Systems (EES), which focuses primarily on the design, development, production, marketing, support and operation of electric energy systems. It has a 157.03 P/E ratio. The Firm supplies UAS, tactical missile systems and related services primarily to organizations within the United States Department of Defense (DoD).

Insitutional Activity: The institutional sentiment increased to 1.38 in 2016 Q2. Its up 0.13, from 1.25 in 2016Q1. The ratio is positive, as 6 funds sold all AeroVironment, Inc. shares owned while 34 reduced positions. 10 funds bought stakes while 40 increased positions. They now own 14.57 million shares or 23.41% less from 19.02 million shares in 2016Q1.
Renaissance Tech Ltd Co owns 211,636 shares or 0.01% of their US portfolio. Blackrock Fund Advisors has 0.01% invested in the company for 1.60M shares. Moreover, Dimensional Fund Advsrs L P has 0.02% invested in AeroVironment, Inc. (NASDAQ:AVAV) for 1.19M shares. Stephens Inv Grp owns 364,470 shares or 0.33% of their US portfolio. Teacher Retirement Sys Of Texas has invested 0% of its portfolio in AeroVironment, Inc. (NASDAQ:AVAV). Wells Fargo And Communications Mn last reported 14,562 shares in the company. New Jersey Better Educational Savings owns 20,000 shares or 0.37% of their US portfolio. Bank & Trust Of America Corporation De holds 0% of its portfolio in AeroVironment, Inc. (NASDAQ:AVAV) for 36,651 shares. Alliancebernstein Lp owns 24,971 shares or 0% of their US portfolio. Stephens Inc Ar accumulated 200 shares or 0% of the stock. Arizona State Retirement has 10,698 shares for 0% of their US portfolio. South Dakota Inv Council holds 0.01% of its portfolio in AeroVironment, Inc. (NASDAQ:AVAV) for 13,600 shares. Pinebridge Ltd Partnership owns 2,601 shares or 0% of their US portfolio. Tower Rech Capital Ltd Llc (Trc) has 0% invested in the company for 722 shares. Ubs Asset Management Americas holds 0% or 14,099 shares in its portfolio.

Insider Transactions: Since June 9, 2016, the stock had 0 insider buys, and 12 selling transactions for $4.68 million net activity. $126,679 worth of AeroVironment, Inc. (NASDAQ:AVAV) was sold by Conver Timothy E. 200 shares were sold by Karklin Kenneth D., worth $4,770 on Thursday, October 6. $10,116 worth of AeroVironment, Inc. (NASDAQ:AVAV) was sold by SCOTT DOUGLAS E on Tuesday, July 12. Another trade for 558 shares valued at $13,308 was made by Nawabi Wahid on Thursday, October 6. Shares for $30,816 were sold by Cook Raymond D on Tuesday, July 12.

AeroVironment, Inc. (NASDAQ:AVAV) Ratings Coverage

Out of 5 analysts covering AeroVironment (NASDAQ:AVAV), 1 rate it a “Buy”, 1 “Sell”, while 3 “Hold”. This means 20% are positive. AeroVironment has been the topic of 8 analyst reports since August 21, 2015 according to StockzIntelligence Inc. Canaccord Genuity maintained it with “Hold” rating and $24 target price in Wednesday, September 2 report. The rating was upgraded by Zacks to “Sell” on Friday, August 21. The rating was downgraded by TheStreet on Thursday, September 3 to “Sell”. The stock has “Sell” rating given by Zacks on Monday, August 31. As per Monday, September 14, the company rating was upgraded by Piper Jaffray. The company was initiated on Thursday, October 6 by Robert W. Baird. Piper Jaffray maintained the stock with “Overweight” rating in Wednesday, December 9 report.

AVAV Company Profile

AeroVironment, Inc., incorporated on June 27, 2006, designs, develops, produces, supports and operates a portfolio of services and products for government agencies, businesses and consumers. The Firm operates through two divisions: Unmanned Aircraft Systems (UAS), which focuses primarily on the design, development, production, support and operation of UAS and tactical missile systems that provide situational awareness, multi-band communications, force protection and other mission effects, and Efficient Energy Systems (EES), which focuses primarily on the design, development, production, marketing, support and operation of electric energy systems. The Firm supplies UAS, tactical missile systems and related services primarily to organizations within the United States Department of Defense (DoD), including the United States Army, Marine Corps, Special Operations Command and Air Force. The Firm also supplies charging systems and services for electric vehicles (EVs), and power cycling and test systems to commercial, consumer and government customers. The Company’s core technological capabilities include lightweight aerostructures; power electronics; electric propulsion systems; electric power generation, conversion and storage systems; high-density energy packaging; miniaturization; digital data links (DDL); aircraft sensors; controls integration, and systems integration and engineering optimization, hybrid propulsion, vertical takeoff fixed wing flight and autonomy.

More important recent AeroVironment, Inc. (NASDAQ:AVAV) news were published by: Businesswire.com which released: “AeroVironment, Inc. Schedules Second Quarter Fiscal Year 2017 Earnings Release …” on November 22, 2016, also Fool.com published article titled: “Why Shares of AeroVironment, Inc. Plunged 19% Today”, Fool.com published: “Why Shares of AeroVironment, Inc. Plunged 13% in August” on September 08, 2016. More interesting news about AeroVironment, Inc. (NASDAQ:AVAV) was released by: Fool.com and their article: “Why Aerovironment, Inc. Shares Plunged in January” with publication date: February 08, 2016.

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By Nellie Frank


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