What Next for Advance Auto Parts Inc Advance Auto Parts Inc W/I (NYSE:AAP) Stock After Increase in Shorted Shares?

March 16, 2018 - By Stephen Andrade

 What Next for Advance Auto Parts Inc Advance Auto Parts Inc W/I (NYSE:AAP) Stock After Increase in Shorted Shares?

Investors sentiment decreased to 1 in Q3 2017. Its down 0.07, from 1.07 in 2017Q2. It is negative, as 72 investors sold Advance Auto Parts, Inc. shares while 112 reduced holdings. 59 funds opened positions while 125 raised stakes. 74.92 million shares or 1.99% less from 76.44 million shares in 2017Q2 were reported.
Nordea Management Ab invested in 77,019 shares or 0.02% of the stock. Of Vermont has 415 shares. Soroban Cap Prtn L P owns 2.40 million shares or 0.9% of their US portfolio. Slate Path L P holds 7.8% or 1.50 million shares in its portfolio. Kornitzer Cap Mngmt Ks holds 0.09% or 54,560 shares. Gw Henssler & Assocs has 3,492 shares. 371,039 were reported by Legal & General Group Incorporated Public Lc. Atria Invests Limited Liability Company reported 9,911 shares. Farmers Merchants Invests Incorporated invested in 20 shares. Pointstate Cap Ltd Partnership has 0.04% invested in Advance Auto Parts, Inc. (NYSE:AAP). 25 are owned by Tarbox Family Office Inc. Dubuque Savings Bank Co has 0% invested in Advance Auto Parts, Inc. (NYSE:AAP). Jane Street Gru Lc has 0.01% invested in Advance Auto Parts, Inc. (NYSE:AAP). Parametric Portfolio Assoc Ltd Llc holds 204,241 shares. Pub Employees Retirement Association Of Colorado owns 13,588 shares for 0.01% of their portfolio.

Since February 23, 2018, it had 0 insider buys, and 2 insider sales for $242,352 activity. The insider Brouillard John C. sold $202,560.

The stock of Advance Auto Parts Inc Advance Auto Parts Inc W/I (NYSE:AAP) registered an increase of 9.18% in short interest. AAP’s total short interest was 5.42M shares in March as published by FINRA. Its up 9.18% from 4.96 million shares, reported previously. With 1.36 million shares average volume, it will take short sellers 4 days to cover their AAP’s short positions. The short interest to Advance Auto Parts Inc Advance Auto Parts Inc W/I’s float is 7.37%.

The stock decreased 0.35% or $0.405 during the last trading session, reaching $116.695. About 720,856 shares traded. Advance Auto Parts, Inc. (NYSE:AAP) has risen 5.52% since March 16, 2017 and is uptrending. It has underperformed by 11.18% the S&P500.

Advance Auto Parts, Inc. provides automotive replacement parts, accessories, batteries, and maintenance items for domestic and imported cars, vans, sport utility vehicles, and light and heavy duty trucks. The company has market cap of $8.63 billion. The firm offers batteries and battery accessories, belts and hoses, brakes and brake pads, chassis and climate control parts, clutches and drive shafts, engines and engine parts, exhaust systems and parts, hub assemblies, ignition components and wired, radiators and cooling parts, starters and alternators, and steering and alignment parts. It has a 18.18 P/E ratio. It also offers AC chemicals and accessories, air fresheners, antifreeze and washer fluids, electrical wires and fuses, electronics, hand and specialty tools, lighting products, performance parts, sealants, adhesives and compounds, tire repair accessories, vent shades, mirrors and exterior accessories, washes, waxes and cleaning supplies, and wiper blades, as well as floor mats, seat covers, and interior accessories.

Advance Auto Parts, Inc. (NYSE:AAP) Ratings Coverage

Among 28 analysts covering Advance Auto Parts Inc. (NYSE:AAP), 12 have Buy rating, 3 Sell and 13 Hold. Therefore 43% are positive. Advance Auto Parts Inc. had 97 analyst reports since August 5, 2015 according to SRatingsIntel. The firm earned “Underweight” rating on Wednesday, February 22 by Barclays Capital. The rating was maintained by Stephens with “Equal-Weight” on Thursday, February 22. On Tuesday, August 18 the stock rating was upgraded by Argus Research to “Buy”. The firm has “Outperform” rating by RBC Capital Markets given on Wednesday, November 15. The stock has “Buy” rating by Jefferies on Thursday, October 12. The firm has “Sell” rating given on Tuesday, September 12 by Citigroup. Bank of America maintained Advance Auto Parts, Inc. (NYSE:AAP) on Wednesday, August 16 with “Underperform” rating. The rating was downgraded by Credit Suisse on Thursday, March 1 to “Hold”. The stock has “Buy” rating by Deutsche Bank on Wednesday, August 17. Wedbush maintained it with “Outperform” rating and $160 target in Friday, February 12 report.

More notable recent Advance Auto Parts, Inc. (NYSE:AAP) news were published by: Seekingalpha.com which released: “Advance Auto Parts Whiffs Again” on February 23, 2018, also Prnewswire.com with their article: “Lifshitz & Miller LLP Announces Investigation of Advance Auto Parts, Inc …” published on February 19, 2018, Businesswire.com published: “EQUITY ALERT: Levi & Korsinsky, LLP Reminds Advance Auto Parts, Inc …” on February 22, 2018. More interesting news about Advance Auto Parts, Inc. (NYSE:AAP) were released by: Globenewswire.com and their article: “SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Shareholders of Advance Auto …” published on February 14, 2018 as well as Seekingalpha.com‘s news article titled: “Advance Auto Parts: Am I Fighting The Tape?” with publication date: February 23, 2018.

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