The stock of Aerocentury Corporation (NYSEMKT:ACY) registered a decrease of 18.75% in short interest. ACY’s total short interest was 1,300 shares in September as published by FINRA. Its down 18.75% from 1,600 shares, reported previously. With 1,800 shares average volume, it will take short sellers 1 days to cover their ACY’s short positions. The short interest to Aerocentury Corporation’s float is 0.13%. About 230 shares traded hands. AeroCentury Corp. (NYSEMKT:ACY) has declined 23.80% since February 8, 2016 and is downtrending. It has underperformed by 40.29% the S&P500.
AeroCentury Corp. acquires used regional aircraft and aircraft engines for lease to regional carriers all over the world. The company has a market cap of $13.43 million. The Company’s segment is leasing of regional aircraft to foreign and domestic regional airlines. It has a 2.7 P/E ratio. The business of the Company is managed by JetFleet Management Corp. , an integrated aircraft management, marketing and financing business.
The institutional sentiment decreased to 0.29 in 2016 Q2. Its down Infinity, from Infinity in 2016Q1. The ratio worsened, as 2 funds sold all AeroCentury Corp. shares owned while 5 reduced positions. 1 funds bought stakes while 1 increased positions. They now own 204,206 shares or 50.78% less from 414,910 shares in 2016Q1.
Leisure Capital Management holds 0.56% of its portfolio in AeroCentury Corp. for 53,910 shares. Perritt Capital Management Inc owns 34,047 shares or 0.08% of their US portfolio. Moreover, Bank Of America Corp De has 0% invested in the company for 20 shares. The California-based Blackrock Fund Advisors has invested 0% in the stock. Bridgeway Capital Management Inc, a Texas-based fund reported 21,000 shares.
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