The stock of Aecom (NYSE:ACM) registered an increase of 39.26% in short interest. ACM’s total short interest was 6.88M shares in September as published by FINRA. Its up 39.26% from 4.94 million shares, reported previously. With 1.73M shares average volume, it will take short sellers 4 days to cover their ACM’s short positions. The short interest to Aecom’s float is 4.51%. About 477,803 shares traded hands. Aecom (NYSE:ACM) has risen 19.33% since February 8, 2016 and is uptrending. It has outperformed by 2.85% the S&P500.
AECOM, formerly AECOM Technology Corporation, designs, builds, finances and operates infrastructure assets for governments, businesses and organizations around the world. The company has a market cap of $4.36 billion. The Firm provides program and facilities management and maintenance, training, logistics, consulting, technical assistance, and systems integration and information technology services. It has a 48.88 P/E ratio. The Firm operates through three divisions: Design and Consulting Services (DCS), Construction Services (CS) and Management Services (MS).
The institutional sentiment increased to 1.33 in 2016 Q2. Its up 0.16, from 1.17 in 2016Q1. The ratio is positive, as 23 funds sold all Aecom shares owned while 73 reduced positions. 37 funds bought stakes while 91 increased positions. They now own 127.23 million shares or 0.83% more from 126.18 million shares in 2016Q1.
Poplar Forest Capital Llc holds 4.29% of its portfolio in Aecom for 1.45 million shares. Steinberg Asset Management Llc owns 436,380 shares or 3.63% of their US portfolio. Moreover, S&T Bank Pa has 3.24% invested in the company for 624,016 shares. The New York-based New Mountain Vantage Advisers L.L.C. has invested 3.12% in the stock. Lyrical Asset Management Lp, a New York-based fund reported 3.67 million shares.
Out of 7 analysts covering Aecom Technology (NYSE:ACM), 5 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 71% are positive. Aecom Technology has been the topic of 11 analyst reports since October 2, 2015 according to StockzIntelligence Inc. Deutsche Bank maintained the stock on August 22 with “Buy” rating.
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