The stock of Alexander & Baldwin Incorporated (NYSE:ALEX) registered an increase of 0.75% in short interest. ALEX’s total short interest was 1.63 million shares in September as published by FINRA. Its up 0.75% from 1.62M shares, reported previously. With 138,500 shares average volume, it will take short sellers 12 days to cover their ALEX’s short positions. The short interest to Alexander & Baldwin Incorporated’s float is 3.55%. About 86,099 shares traded hands. Alexander & Baldwin Inc (NYSE:ALEX) has risen 29.81% since February 8, 2016 and is uptrending. It has outperformed by 13.32% the S&P500.
Alexander & Baldwin, Inc. is engaged in real estate development, real estate leasing, materials and construction, and agribusiness. The company has a market cap of $1.84 billion. The Firm operates in four divisions: Real Estate Development and Sales, Real Estate Leasing, Materials and Construction, and Agribusiness. It currently has negative earnings. Real estate activities are conducted through A&B Properties, Inc. and other subsidiaries of A&B.
The institutional sentiment decreased to 0.99 in Q2 2016. Its down 0.49, from 1.48 in 2016Q1. The ratio turned negative, as 12 funds sold all Alexander & Baldwin Inc shares owned while 62 reduced positions. 7 funds bought stakes while 66 increased positions. They now own 37.47 million shares or 0.35% less from 37.60 million shares in 2016Q1.
Ejf Capital Llc holds 7.77% of its portfolio in Alexander & Baldwin Inc for 2.29 million shares. Fourpoints Investment Managers S.A.S. owns 77,300 shares or 1.95% of their US portfolio. Moreover, Seabridge Investment Advisors Llc has 1.92% invested in the company for 210,599 shares. The California-based Stevens First Principles Investment Advisors has invested 1.64% in the stock. London Co Of Virginia, a Virginia-based fund reported 3.82 million shares.
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