The stock of Allison Transmission Holdings IN (NYSE:ALSN) registered a decrease of 51.74% in short interest. ALSN’s total short interest was 1.23 million shares in September as published by FINRA. Its down 51.74% from 2.55M shares, reported previously. With 1.11 million shares average volume, it will take short sellers 1 days to cover their ALSN’s short positions. The short interest to Allison Transmission Holdings IN’s float is 0.89%. The stock decreased 2.18% or $0.6 on September 13, hitting $26.9. About 1.06 million shares traded hands. Allison Transmission Holdings Inc (NYSE:ALSN) has risen 16.72% since February 8, 2016 and is uptrending. It has outperformed by 0.23% the S&P500.
Allison Transmission Holdings, Inc. and its subsidiaries design and manufacture commercial and defense fully-automatic transmissions. The company has a market cap of $4.54 billion. The Firm makes fully-automatic transmissions for medium- and heavy-duty commercial vehicles and medium-and heavy-tactical the United States defense vehicles. It has a 27.43 P/E ratio. The Firm operates through manufacture and distribution of fully-automatic transmissions segment.
The institutional sentiment decreased to 0.86 in Q2 2016. Its down 0.30, from 1.16 in 2016Q1. The ratio is negative, as 28 funds sold all Allison Transmission Holdings Inc shares owned while 90 reduced positions. 24 funds bought stakes while 77 increased positions. They now own 154.23 million shares or 8.61% less from 168.77 million shares in 2016Q1.
Timucuan Asset Management Inc Fl holds 8.72% of its portfolio in Allison Transmission Holdings Inc for 3.38 million shares. Manor Road Capital Partners Llc owns 1.50 million shares or 6.48% of their US portfolio. Moreover, Sq Advisors Llc has 5.48% invested in the company for 4.59 million shares. The Illinois-based Longview Asset Management Llc has invested 4.99% in the stock. Valueact Holdings L.P., a California-based fund reported 19.13 million shares.
Out of 7 analysts covering Allison Transmission (NYSE:ALSN), 3 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 43% are positive. Allison Transmission has been the topic of 18 analyst reports since September 22, 2015 according to StockzIntelligence Inc. Deutsche Bank initiated the stock on September 7 with “Hold” rating.
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