A O Smith Corporation (NYSE:AOS) Short Interest Decreased By 2.51%

The stock of A O Smith Corporation (NYSE:AOS) registered a decrease of 2.51% in short interest. AOS’s total short interest was 2.44 million shares in April as published by FINRA. Its down 2.51% from 2.50 million shares, reported previously. With 605,500 shares average volume, it will take short sellers 4 days to cover their AOS’s short positions. The short interest to A O Smith Corporation’s float is 3.35%. The stock increased 0.39% or $0.3 on April 8, hitting $77.08. A. O. Smith Corp (NYSE:AOS) has risen 20.38% since September 2, 2015 and is uptrending. It has outperformed by 15.31% the S&P500.

A. O. Smith Corporation operates its business through two divisions, which include North America and Rest of World. The company has a market cap of $6.80 billion. Both divisions manufacture and market a range of residential gas, gas tankless and electric water heaters and commercial water heating equipment. It has 24.37 P/E ratio. The North America segment makes and markets specialty commercial water heating equipment, condensing and non-condensing boilers, and water systems tanks.

The institutional sentiment decreased to 1.19 in 2015 Q3. Its down 0.13, from 1.32 in 2015Q2. The ratio turned negative, as 34 funds sold all A. O. Smith Corp shares owned while 110 reduced positions. 53 funds bought stakes while 119 increased positions. They now own 58.89 million shares or 9.61% less from 65.15 million shares in 2015Q2.

Water Asset Management Llc holds 6.05% of its portfolio in A. O. Smith Corp for 161,964 shares. Lorem Ipsum Management Llc owns 160,000 shares or 4.76% of their US portfolio. Moreover, Marietta Investment Partners Llc has 4.64% invested in the company for 153,379 shares. The New York-based Robecosam Usa Inc. has invested 4.54% in the stock. Ecofin Ltd, a United Kingdom-based fund reported 305,986 shares.

Out of 14 analysts covering AO Smith Corp (NYSE:AOS), 10 rate it “Buy”, 0 “Sell”, while 6 “Hold”. This means 63% are positive. AO Smith Corp was the topic in 8 analyst reports since September 11, 2015 according to StockzIntelligence Inc. KeyBanc Capital Markets maintained the stock on April 8 with “Overweight” rating.

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