Aep Industries Incorporated (NASDAQ:AEPI) Shorts Decreased by 6.96% After Short Covering


The stock of Aep Industries Incorporated (NASDAQ:AEPI) registered a decrease of 6.96% in short interest. AEPI’s total short interest was 133,600 shares in September as published by FINRA. Its down 6.96% from 143,600 shares, reported previously. With 146,600 shares average volume, it will take short sellers 1 days to cover their AEPI’s short positions. The short interest to Aep Industries Incorporated’s float is 7.82%. About 65,515 shares traded hands. AEP Industries (NASDAQ:AEPI) has risen 45.54% since February 8, 2016 and is uptrending. It has outperformed by 29.05% the S&P500.

AEP Industries Inc. is a manufacturer of plastic packaging films in North America. The company has a market cap of $561.11 million. The Firm is engaged in the production, manufacture and distribution of polyethylene and polyvinyl chloride flexible plastic packaging products for the food/beverage, industrial and agricultural markets. It has a 14.48 P/E ratio. The Company’s plastic packaging films are used in the packaging, transportation, beverage, food, automotive, pharmaceutical, chemical, electronics, and construction, agriculture and textile industries.

The institutional sentiment increased to 1.25 in Q2 2016. Its up 0.20, from 1.05 in 2016Q1. The ratio is positive, as 7 funds sold all AEP Industries shares owned while 29 reduced positions. 15 funds bought stakes while 30 increased positions. They now own 3.46 million shares or 3.57% less from 3.59 million shares in 2016Q1.

Ksa Capital Management Llc holds 16.06% of its portfolio in AEP Industries for 824,658 shares. Pacific Ridge Capital Partners Llc owns 32,614 shares or 1.19% of their US portfolio. Moreover, Rbf Capital Llc has 0.59% invested in the company for 37,000 shares. The New York-based Teton Advisors Inc. has invested 0.54% in the stock. Capital Impact Advisors Llc, a Massachusetts-based fund reported 13,600 shares.

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