Today Amrep Corporation New (NYSE:AXR) Reported Increase in Shorted Shares

December 7, 2017 - By Kurt Siggers

 Today Amrep Corporation New (NYSE:AXR) Reported Increase in Shorted Shares

Investors sentiment decreased to 0.83 in 2017 Q2. Its down 0.05, from 0.88 in 2017Q1. It dived, as 1 investors sold AMREP Corporation shares while 5 reduced holdings. 2 funds opened positions while 3 raised stakes. 1.72 million shares or 3.64% less from 1.78 million shares in 2017Q1 were reported.
Nationwide Fund Advsr has 0% invested in AMREP Corporation (NYSE:AXR) for 216 shares. Royal Bancorporation Of Canada reported 0% stake. Hightower Advisors Ltd Liability owns 62,477 shares or 0% of their US portfolio. Driehaus Cap Limited Liability Company invested in 14,383 shares. Oppenheimer Close Limited Liability reported 49,032 shares. Salem Investment Counselors owns 25 shares or 0% of their US portfolio. Weber Alan W accumulated 0.52% or 141,480 shares. Morgan Stanley owns 27 shares or 0% of their US portfolio. 76,600 were reported by Bridgeway Capital Mgmt Inc. 22,809 are held by California Public Employees Retirement Systems. Perritt Incorporated invested 0.12% of its portfolio in AMREP Corporation (NYSE:AXR). 100 were reported by Tower Capital Lc (Trc). Deutsche Bankshares Ag has invested 0% of its portfolio in AMREP Corporation (NYSE:AXR). Blackrock invested 0% of its portfolio in AMREP Corporation (NYSE:AXR). Arbiter Prtnrs Cap Ltd Llc reported 113,095 shares.

The stock of Amrep Corporation New (NYSE:AXR) registered an increase of 19.57% in short interest. AXR’s total short interest was 27,500 shares in December as published by FINRA. Its up 19.57% from 23,000 shares, reported previously. With 1,700 shares average volume, it will take short sellers 16 days to cover their AXR’s short positions. The short interest to Amrep Corporation New’s float is 0.84%.

The stock increased 1.00% or $0.07 during the last trading session, reaching $7.08. About 8,349 shares traded or 132.24% up from the average. AMREP Corporation (NYSE:AXR) has risen 41.57% since December 7, 2016 and is uptrending. It has outperformed by 24.87% the S&P500.

AMREP Corporation, through its subsidiaries, provides real estate and fulfillment services. The company has market cap of $57.27 million. The companyÂ’s Fulfillment Services segment provides fulfillment and contact center services, including subscriber list and database management, payment and order processing and accounting, subscriber mailing services, customer service and contact center management, data processing and business intelligence solutions, and print and digital marketing solutions, as well as product fulfillment warehousing, processing, and distribution services. It has a 72.24 P/E ratio. This segment offers its services for consumer publications, trade publications, membership organizations, non-profit organizations, government agencies, and other direct marketers.

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 Globenewswire.com with their article: “AMREP Announces Appointments of Chief Executive Officer and Chief Financial …” published on September 18, 2017, Prnewswire.com published: “AMREP Reports Fiscal 2017 Results” on July 18, 2017. More interesting news about AMREP Corporation (NYSE:AXR) were released by: Seekingalpha.com and their article: “AMREP Corporation: Down, But Not Out” published on March 15, 2011 as well as Prnewswire.com‘s news article titled: “AMREP Subsidiary Acquires Certain Assets Of FulCircle, Inc.” with publication date: January 02, 2013.

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