What’s Next for Albany International Corporation (NYSE:AIN) After Having More Shares Shorted?

March 17, 2018 - By Ellis Scott

 What's Next for Albany International Corporation (NYSE:AIN) After Having More Shares Shorted?

Investors sentiment decreased to 1.22 in 2017 Q3. Its down 0.53, from 1.75 in 2017Q2. It is negative, as 12 investors sold Albany International Corp. shares while 52 reduced holdings. 20 funds opened positions while 58 raised stakes. 28.94 million shares or 0.26% less from 29.02 million shares in 2017Q2 were reported.
Cortina Asset Mgmt Llc owns 105,547 shares for 0.25% of their portfolio. Louisiana State Employees Retirement holds 0.03% or 11,700 shares. Arizona State Retirement Systems holds 15,014 shares or 0.01% of its portfolio. Morgan Stanley accumulated 39,654 shares. Zurcher Kantonalbank (Zurich Cantonalbank), a Switzerland-based fund reported 766 shares. Cubist Systematic Strategies Lc holds 3,522 shares. 112,837 are owned by Bradley Foster & Sargent Incorporated Ct. Amer Group Inc Inc holds 22,760 shares or 0% of its portfolio. Mufg Americas Hldg, New York-based fund reported 346 shares. State Of Alaska Department Of Revenue has invested 0.02% of its portfolio in Albany International Corp. (NYSE:AIN). Legal And General Grp Public Limited Com reported 0% in Albany International Corp. (NYSE:AIN). Ngam Advsrs Limited Partnership holds 46,995 shares or 0.03% of its portfolio. Tiaa Cref Inv Mgmt Llc invested in 0% or 75,277 shares. Westwood Holdg Group reported 0.36% in Albany International Corp. (NYSE:AIN). Wells Fargo Mn stated it has 0% in Albany International Corp. (NYSE:AIN).

The stock of Albany International Corporation (NYSE:AIN) registered an increase of 9.79% in short interest. AIN’s total short interest was 567,700 shares in March as published by FINRA. Its up 9.79% from 517,100 shares, reported previously. With 110,600 shares average volume, it will take short sellers 5 days to cover their AIN’s short positions. The short interest to Albany International Corporation’s float is 1.99%.

The stock increased 0.33% or $0.22 during the last trading session, reaching $66.9. About 245,051 shares traded or 98.37% up from the average. Albany International Corp. (NYSE:AIN) has risen 20.57% since March 17, 2017 and is uptrending. It has outperformed by 3.87% the S&P500.

Albany International Corp. engages in textile and materials processing businesses worldwide. The company has market cap of $2.15 billion. The firm operates through Machine Clothing and Albany Engineered Composites (AEC) divisions. It has a 65.01 P/E ratio. The MC segment designs, makes, and markets paper machine clothing.

Albany International Corp. (NYSE:AIN) Ratings Coverage

Among 4 analysts covering Albany Intl (NYSE:AIN), 1 have Buy rating, 0 Sell and 3 Hold. Therefore 25% are positive. Albany Intl had 5 analyst reports since October 29, 2015 according to SRatingsIntel. The stock has “Outperform” rating by Macquarie Research on Wednesday, December 9. The firm has “Outperform” rating given on Thursday, October 29 by Macquarie Research. The firm has “Hold” rating given on Tuesday, March 6 by Stephens. The rating was downgraded by Sidoti on Friday, December 16 to “Neutral”.

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