Alliance Data Systems Corporation (NYSE:ADS) Shorted Shares Increased 23.68% After Market Selling


The stock of Alliance Data Systems Corporation (NYSE:ADS) registered an increase of 23.68% in short interest. ADS’s total short interest was 4.19M shares in September as published by FINRA. Its up 23.68% from 3.39M shares, reported previously. With 1.09 million shares average volume, it will take short sellers 4 days to cover their ADS’s short positions. The short interest to Alliance Data Systems Corporation’s float is 8.05%. About 407,384 shares traded hands. Alliance Data Systems Corporation (NYSE:ADS) has risen 17.82% since February 8, 2016 and is uptrending. It has outperformed by 1.34% the S&P500.

Alliance Data Systems Corporation is a well-known provider of data-driven marketing and loyalty solutions serving consumer businesses in a range of industries. The company has a market cap of $13.00 billion. The Firm offers a portfolio of integrated outsourced marketing solutions, including customer loyalty programs, database marketing services, end-to-end marketing services, analytics and creative services, direct marketing services, and private label and co-brand retail credit card programs. It has a 26.73 P/E ratio.

The institutional sentiment decreased to 0.87 in Q2 2016. Its down 0.15, from 1.02 in 2016Q1. The ratio turned negative, as 68 funds sold all Alliance Data Systems Corporation shares owned while 172 reduced positions. 60 funds bought stakes while 149 increased positions. They now own 52.14 million shares or 5.27% less from 55.04 million shares in 2016Q1.

Cryder Capital Partners Llp holds 13.71% of its portfolio in Alliance Data Systems Corporation for 87,222 shares. Stonerise Capital Management Llc owns 100,000 shares or 11.19% of their US portfolio. Moreover, Muhlenkamp & Co Inc has 9.25% invested in the company for 120,854 shares. The Manitoba – Canada-based Sarbit Advisory Services Inc. has invested 6.89% in the stock. Valueact Holdings L.P., a California-based fund reported 3.29 million shares.

Out of 18 analysts covering Alliance Data Systems (NYSE:ADS), 12 rate it a “Buy”, 1 “Sell”, while 5 “Hold”. This means 67% are positive. Alliance Data Systems has been the topic of 24 analyst reports since September 17, 2015 according to StockzIntelligence Inc. Wedbush initiated the stock on September 9 with “Neutral” rating.

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