Short Interest Reporting: What’s in Erickson (OTCMKTS:EAC) After Rise in Shorted Shares?

December 1, 2016 - By Vivian Park   ·   0 Comments

Short Interest Reporting: What’s in Erickson (OTCMKTS:EAC) After Rise in Shorted Shares?

The stock of Erickson (OTCMKTS:EAC) registered an increase of 7.39% in short interest. EAC’s total short interest was 933,900 shares in December as published by FINRA. Its up 7.39% from 869,600 shares, reported previously. With 217,300 shares average volume, it will take short sellers 4 days to cover their EAC’s short positions. The short interest to Erickson’s float is 13.66%. About 35,565 shares traded hands. Erickson Inc (OTCMKTS:EACIQ) has declined 92.76% since April 28, 2016 and is downtrending. It has underperformed by 98.69% the S&P500.

Erickson Incorporated is a provider of aviation services to both commercial and governmental entities in approximately 20 countries. The company has a market cap of $1.39 million. The Company’s operating divisions include Commercial Aviation Services, Global Defense and Security, and Manufacturing and Maintenance, Repair and Overhaul . It currently has negative earnings. The Firm owns and operates a fleet of aircraft and provides a range of aerial services, including critical supply and logistics for deployed military forces, humanitarian relief, firefighting, timber harvesting, infrastructure construction and crewing.

Insitutional Activity: The institutional sentiment increased to 2 in 2016 Q2. Its up 1.74, from 0.26 in 2016Q1. The ratio is positive, as 10 funds sold all Erickson Inc shares owned while 9 reduced positions. 3 funds bought stakes while 2 increased positions. They now own 1.99 million shares or 44.89% less from 3.60 million shares in 2016Q1.
California Pub Employees Retirement System has 16,100 shares for 0% of their US portfolio. Morgan Stanley, a New York-based fund reported 62 shares. Bridgeway Capital Management holds 0% of its portfolio in Erickson Inc (OTCMKTS:EACIQ) for 113,862 shares. Vanguard holds 0% of its portfolio in Erickson Inc (OTCMKTS:EACIQ) for 31,988 shares. Blackrock Fund Advsrs holds 0% or 906 shares in its portfolio. Ny State Common Retirement Fund owns 181,659 shares or 0% of their US portfolio. Creative Planning accumulated 6,000 shares or 0% of the stock. Geode Cap Ltd Liability Co holds 0% of its portfolio in Erickson Inc (OTCMKTS:EACIQ) for 36,646 shares. Pnc Financial Svcs Grp Incorporated accumulated 31,000 shares or 0% of the stock. New Jersey Better Educational Savings Trust accumulated 0.02% or 48,000 shares. Da Davidson accumulated 0% or 14,007 shares. Ariel Invs Lc last reported 0.01% of its portfolio in the stock. Renaissance Limited Liability Company has 0% invested in the company for 144,900 shares. Commercial Bank Of America Corporation De accumulated 0% or 208 shares. Goldman Sachs Gp has 0% invested in the company for 12,245 shares.

More notable recent Erickson Inc (OTCMKTS:EACIQ) news were published by: Oregonlive.com which released: “Mystery silence at Erickson Inc. ends with bankruptcy filing” on November 09, 2016, also Oregonlive.com with their article: “Erickson’s high anxiety mounts as primary lender seeks repayment” published on August 12, 2016, Bizjournals.com published: “Struggling aviation services firm Erickson Inc. hires investment banker” on June 09, 2016. More interesting news about Erickson Inc (OTCMKTS:EACIQ) were released by: Oregonlive.com and their article: “Erickson defendants agree to pay $18.5 million to settle shareholder suit” published on June 13, 2016 as well as Oregonlive.com‘s news article titled: “Cash-poor Erickson admits debt default a possibility” with publication date: August 17, 2016.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By Vivian Park

Tags:


Readers Comments (0)





Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:


Recent Market News

>