Time to Reconsider Aerojet Rocketdyne Holdings Inc (NYSE:AJRD) After More Short Sellers?

April 17, 2018 - By reb123z

Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD) Logo

The stock of Aerojet Rocketdyne Holdings Inc (NYSE:AJRD) registered an increase of 3.08% in short interest. AJRD’s total short interest was 8.03M shares in April as published by FINRA. Its up 3.08% from 7.79 million shares, reported previously. With 620,900 shares average volume, it will take short sellers 13 days to cover their AJRD’s short positions. The short interest to Aerojet Rocketdyne Holdings Inc’s float is 11.6%.

The stock increased 1.58% or $0.48 during the last trading session, reaching $30.93. About 270,418 shares traded. Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD) has risen 27.60% since April 17, 2017 and is uptrending. It has outperformed by 16.05% the S&P500.

Aerojet Rocketdyne Holdings, Inc. designs, develops, makes, and sells aerospace and defense products and systems in the United States. The company has market cap of $2.34 billion. The firm operates in two divisions, Aerospace and Defense, and Real Estate. It currently has negative earnings. The Aerospace and Defense segment offers aerospace and defense products and systems for the U.S. government, including the Department of Defense, the National Aeronautics and Space Administration, and aerospace and defense prime contractors, as well as for the commercial sector.

Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD) Ratings Coverage

Among 2 analysts covering Aerojet Rocketdyne Hldgs (NYSE:AJRD), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. Aerojet Rocketdyne Hldgs had 2 analyst reports since October 23, 2017 according to SRatingsIntel. On Friday, November 3 the stock rating was maintained by SunTrust with “Buy”. The company was downgraded on Monday, October 23 by Jefferies.

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.