A O Smith Corporation (NYSE:AOS) Shorted Shares Increased By 1.3%


The stock of A O Smith Corporation (NYSE:AOS) registered an increase of 1.3% in short interest. AOS’s total short interest was 2.49M shares in September as published by FINRA. Its up 1.3% from 2.46M shares, reported previously. With 382,200 shares average volume, it will take short sellers 7 days to cover their AOS’s short positions. The short interest to A O Smith Corporation’s float is 3.44%. About 184,402 shares traded hands. A. O. Smith Corp (NYSE:AOS) has risen 47.71% since February 8, 2016 and is uptrending. It has outperformed by 31.22% 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 $8.17 billion. The Company’s Rest of World segment primarily comprises China, Europe and India. It has a 25.94 P/E ratio. The Rest of World segment supplies water heaters to the residential market in China with a range of product offering, including electric, gas, gas tankless, heat pump and solar units, as well as combi boilers.

The institutional sentiment increased to 1.13 in 2016 Q2. Its up 0.06, from 1.07 in 2016Q1. The ratio improved, as 31 funds sold all A. O. Smith Corp shares owned while 132 reduced positions. 72 funds bought stakes while 113 increased positions. They now own 63.42 million shares or 0.45% less from 63.71 million shares in 2016Q1.

Ecofin Ltd holds 5.8% of its portfolio in A. O. Smith Corp for 335,963 shares. Water Asset Management Llc owns 68,790 shares or 5.57% of their US portfolio. Moreover, Marietta Investment Partners Llc has 5.27% invested in the company for 167,312 shares. The New York-based Robecosam Usa Inc. has invested 5.17% in the stock. Goodman Financial Corp, a Texas-based fund reported 60,760 shares.

Out of 8 analysts covering A.O. Smith (NYSE:AOS), 6 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 75% are positive. A.O. Smith has been the topic of 9 analyst reports since September 23, 2015 according to StockzIntelligence Inc. SunTrust maintained the stock on July 14 with “Buy” rating.

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