What Next for Aberdeen Asia-pacific Income Fund Inc (NYSEAMERICAN:FAX) Stock After Increase in Shorted Shares?

June 16, 2018 - By Maria Brooks

The stock of Aberdeen Asia-pacific Income Fund Inc (NYSEAMERICAN:FAX) registered an increase of 1321.9% in short interest. FAX’s total short interest was 194,800 shares in June as published by FINRA. Its up 1321.9% from 13,700 shares, reported previously. With 629,900 shares average volume, it will take short sellers 0 days to cover their FAX’s short positions.

The stock decreased 0.65% or $0.03 during the last trading session, reaching $4.43. About 693,521 shares traded. Aberdeen Asia-Pacific Income Fund, Inc. (NYSEAMERICAN:FAX) has declined 11.58% since June 16, 2017 and is downtrending. It has underperformed by 24.15% the S&P500.

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