Agco Corporation (NYSE:AGCO) Shorts Decreased by 5.2% After Short Covering

The stock of Agco Corporation (NYSE:AGCO) registered a decrease of 5.2% in short interest. AGCO’s total short interest was 12.87M shares in April as published by FINRA. Its down 5.2% from 13.57M shares, reported previously. With 856,200 shares average volume, it will take short sellers 15 days to cover their AGCO’s short positions. The short interest to Agco Corporation’s float is 20.51%. The stock decreased 0.93% or $0.47 on April 14, hitting $50.18. AGCO Corporation (NYSE:AGCO) has risen 3.59% since September 9, 2015 and is uptrending. It has underperformed by 3.65% the S&P500.

AGCO Corporation is a manufacturer and distributor of agricultural equipment and related replacement parts around the world. The company has a market cap of $4.10 billion. The Firm sells a range of agricultural equipment, including tractors, combines, self-propelled sprayers, hay tools, forage equipment, seeding and tillage, implements, and grain storage and protein production systems. It has 16.38 P/E ratio. The Company’s products are marketed under various brands, including Challenger, Fendt, GSI, Massey Ferguson and Valtra.

The institutional sentiment decreased to 0.68 in Q3 2015. Its down 0.11, from 0.79 in 2015Q2. The ratio fall, as 50 funds sold all AGCO Corporation shares owned while 150 reduced positions. 38 funds bought stakes while 97 increased positions. They now own 94.02 million shares or 12.98% more from 83.21 million shares in 2015Q2.

Blue Harbour Group L.P. holds 9.47% of its portfolio in AGCO Corporation for 6.52 million shares. Southernsun Asset Management Llc owns 5.40 million shares or 5.56% of their US portfolio. Moreover, Schwerin Boyle Capital Management Inc has 3.73% invested in the company for 556,849 shares. The Illinois-based Fairpointe Capital Llc has invested 2.94% in the stock. Zuckerman Investment Group Llc, a Illinois-based fund reported 226,835 shares.

Out of 15 analysts covering Agco Corporation (NYSE:AGCO), 0 rate it “Buy”, 0 “Sell”, while 0 “Hold”. This means NaN are positive. Agco Corporation was the topic in 17 analyst reports since July 27, 2015 according to StockzIntelligence Inc. RBC Capital Markets maintained the stock on February 3 with “Sector Perform” rating.

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