Short Interest Worth Mentioning Today: Azz Incorporated (NYSE:AZZ) Reports Increase in Sellers; Strong Momentum for Short Players

November 25, 2016 - By Marguerite Chambers   ·   0 Comments

Short Interest Worth Mentioning Today: Azz Incorporated (NYSE:AZZ) Reports Increase in Sellers; Strong Momentum for Short Players

The stock of Azz Incorporated (NYSE:AZZ) registered an increase of 30.11% in short interest. AZZ’s total short interest was 555,700 shares in November as published by FINRA. Its up 30.11% from 427,100 shares, reported previously. With 128,500 shares average volume, it will take short sellers 4 days to cover their AZZ’s short positions. The short interest to Azz Incorporated’s float is 2.17%. The stock closed at $66.4 during the last session. It is down 16.59% since April 22, 2016 and is uptrending. It has outperformed by 11.18% the S&P500.

AZZ Inc. is a provider of galvanizing services, welding solutions, specialty electrical equipment and engineered services to the power generation, transmission, distribution, refining and industrial markets. The company has a market cap of $1.75 billion. The Firm operates through two divisions: Energy segment and Galvanizing segment. It has a 24.43 P/E ratio. The Company’s Energy segment provides services and products designed to support industrial, nuclear and electrical applications.

Insitutional Activity: The institutional sentiment decreased to 1.03 in Q2 2016. Its down 0.08, from 1.11 in 2016Q1. The ratio is negative, as 15 funds sold all AZZ Inc shares owned while 56 reduced positions. 15 funds bought stakes while 64 increased positions. They now own 21.32 million shares or 1.25% less from 21.59 million shares in 2016Q1.
Tiaa Cref Investment Mgmt Ltd Co reported 80,079 shares or 0% of all its holdings. Great West Life Assurance Can holds 2,803 shares or 0% of its portfolio. Burney has 0.02% invested in the company for 4,132 shares. Proshare Advsr Limited Company accumulated 3,750 shares or 0% of the stock. Moreover, Blackrock Institutional Com Na has 0.01% invested in AZZ Inc (NYSE:AZZ) for 667,079 shares. Legal & General Grp Inc Pcl holds 6,847 shares or 0% of its portfolio. Alphaone Invest Services Ltd Liability Com last reported 70,704 shares in the company. Adams Diversified Equity Fund Inc has 7,700 shares for 0.03% of their US portfolio. Blackrock Gp Ltd accumulated 0% or 37,894 shares. Services Automobile Association has 0% invested in the company for 7,190 shares. The Michigan-based Northpointe Cap Limited Com has invested 0.02% in AZZ Inc (NYSE:AZZ). Harvey Co Ltd Liability Corporation last reported 8,680 shares in the company. Dubuque Natl Bank Trust Com holds 0.07% or 6,175 shares in its portfolio. Millennium Limited Liability last reported 33,497 shares in the company. Morgan Stanley accumulated 128,107 shares or 0% of the stock.

Insider Transactions: Since July 19, 2016, the stock had 8 buys, and 1 sale for $717,052 net activity. Pendley Timothy E sold $74,424 worth of AZZ Inc (NYSE:AZZ) on Tuesday, July 19. Another trade for 5,000 shares valued at $269,550 was made by McCellon-Allen Venita on Monday, October 17. 277 shares with value of $13,202 were bought by Steines Robert Joseph on Tuesday, September 6. The insider Bacius Chris M. bought 300 shares worth $11,634. Mackey Tara D bought $13,870 worth of stock. The insider EMERY MATTHEW VARLEY bought $10,199. FERGUSON THOMAS E had bought 7,500 shares worth $414,293 on Monday, October 10.

AZZ Inc (NYSE:AZZ) Ratings Coverage

Out of 3 analysts covering AZZ (NYSE:AZZ), 0 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 0 are positive. AZZ has been the topic of 4 analyst reports since September 1, 2015 according to StockzIntelligence Inc. The firm earned “Buy” rating on Tuesday, September 1 by Zacks. On Monday, October 12 the stock rating was downgraded by Sidoti to “Neutral”. The stock has “Hold” rating given by Stifel Nicolaus on Monday, March 28. BB&T Capital downgraded the shares of AZZ in a report on Monday, January 11 to “Hold” rating.

AZZ Company Profile

AZZ Inc., incorporated on March 29, 1956, is a well-known provider of galvanizing services, welding solutions, specialty electrical equipment and engineered services to the power generation, transmission, distribution, refining and industrial markets. The Firm operates through two divisions: Energy segment and Galvanizing segment. The Firm operates in Canada, China, Brazil, Poland and the Netherlands.

More notable recent AZZ Inc (NYSE:AZZ) news were published by: Prnewswire.com which released: “AZZ Inc. Announces the Divestiture of its Nuclear Logistics LLC Operating Unit …” on October 03, 2016, also Marketwatch.com with their article: “/quotes/zigman/3870025/realtime” published on October 08, 2010, Prnewswire.com published: “AZZ Inc. Reports Financial Results for the Second Quarter of Fiscal Year 2017” on October 05, 2016. More interesting news about AZZ Inc (NYSE:AZZ) were released by: Prnewswire.com and their article: “AZZ Inc. to Review Second Quarter Fiscal Year 2017 Financial Results on …” published on September 29, 2016 as well as Prnewswire.com‘s news article titled: “AZZ Inc. Announces Fort Worth Business Press Named Paul Fehlman CFO of the Year” with publication date: July 07, 2016.

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By Marguerite Chambers


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