The stock of Alcoa Incorporated (NYSE:AA) registered an increase of 13.84% in short interest. AA’s total short interest was 187.78M shares in February as published by FINRA. Its up 13.84% from 164.96M shares, reported previously. With 41.03 million shares average volume, it will take short sellers 5 days to cover their AA’s short positions. The short interest to Alcoa Incorporated’s float is 15.27%. The stock decreased 4.81% or $0.41 during the last trading session, hitting $8.11. About 29.27 million shares traded hands. Alcoa Inc (NYSE:AA) has declined 23.18% since July 15, 2015 and is downtrending. It has underperformed by 14.18% the S&P500.
Alcoa Inc. is engaged in lightweight metals engineering and manufacturing. The company has a market cap of $11.15 billion. The Firm operates in four divisions: Alumina, Primary Metals, Global Rolled Products, and Engineered Products and Solutions. It currently has negative earnings. The Company’s products, which include aluminum, titanium and nickel, are used in aircraft, automobiles, commercial transportation, packaging, building and construction, gas and oil, defense, consumer electronics, and industrial applications across the world.
The institutional sentiment increased to 1.26 in Q3 2015. Its up 0.19, from 1.07 in 2015Q2. The ratio is positive, as 84 funds sold all Alcoa Inc shares owned while 166 reduced positions. 72 funds bought stakes while 244 increased positions. They now own 871.42 million shares or 11.97% more from 778.25 million shares in 2015Q2.
Oak Hill Capital Management Llc holds 21.59% of its portfolio in Alcoa Inc for 26.09 million shares. Baupost Group Llc Ma owns 52.27 million shares or 8.41% of their US portfolio. Moreover, Washington State Investment Board has 6.09% invested in the company for 397,690 shares. The New York-based D.C. Capital Advisors Ltd has invested 5.34% in the stock. Icm Asset Management Inc Wa, a Washington-based fund reported 279,986 shares.
Since April 13, 2015, the stock had 2 insider purchases, and 0 selling transactions for $85,360 net activity. Sorrell Martin bought 4,435 shares worth $42,109. Tata Ratan bought 4,555 shares worth $43,251. Harvey Roy Christopher bought 57 shares worth $744.
Out of 13 analysts covering Alcoa Inc. (NYSE:AA), 0 rate it “Buy”, 0 “Sell”, while 0 “Hold”. This means NaN are positive. $14 is the highest target while $7 is the lowest. The $10.42 average target is 47.35% above today’s ($8.11) stock price. Alcoa Inc. was the topic in 20 analyst reports since August 4, 2015 according to StockzIntelligence Inc. Argus Research downgraded the stock on January 14 to “Hold” rating. UBS maintained the shares of AA in a report on January 12 with “Buy” rating. Finally, Gabelli maintained the stock with “Buy” rating in a January 12 report.
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