Aar Corporation (NYSE:AIR) Shorted Shares Decreased By 19.2%


The stock of Aar Corporation (NYSE:AIR) registered a decrease of 19.2% in short interest. AIR’s total short interest was 495,800 shares in September as published by FINRA. Its down 19.2% from 613,600 shares, reported previously. With 131,500 shares average volume, it will take short sellers 4 days to cover their AIR’s short positions. The short interest to Aar Corporation’s float is 1.57%. About 101,048 shares traded hands. AAR Corp. (NYSE:AIR) has risen 44.69% since February 8, 2016 and is uptrending. It has outperformed by 28.20% the S&P500.

AAR CORP. is a provider of services and products to the commercial aviation and government and defense markets. The company has a market cap of $952.73 million. The Firm operates in two divisions: Aviation Services, which consists of supply chain and maintenance, repair and overhaul (MRO) activities, and Expeditionary Services, which includes airlift and mobility activities. It has a 23.55 P/E ratio. The Company’s services and products include aviation supply chain and parts support programs; MRO of aircraft and landing gear; design and manufacture of specialized pallets, shelters and containers; expeditionary airlift services; aircraft modifications, and aircraft and engine sales and leasing.

The institutional sentiment decreased to 0.98 in 2016 Q2. Its down 0.33, from 1.31 in 2016Q1. The ratio dived, as 16 funds sold all AAR Corp. shares owned while 44 reduced positions. 10 funds bought stakes while 49 increased positions. They now own 28.77 million shares or 2.76% less from 29.58 million shares in 2016Q1.

Irving Magee Investment Management holds 2.22% of its portfolio in AAR Corp. for 194,634 shares. Campbell & Co Investment Adviser Llc owns 12,318 shares or 1.46% of their US portfolio. Moreover, Buckhead Capital Management Llc has 0.98% invested in the company for 230,000 shares. The Wisconsin-based Heartland Advisors Inc has invested 0.74% in the stock. Walthausen & Co. Llc, a New York-based fund reported 269,160 shares.

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