Apartment Investment and Managem (NYSE:AIV) Shorted Shares Increased By 18.87%


The stock of Apartment Investment and Managem (NYSE:AIV) registered an increase of 18.87% in short interest. AIV’s total short interest was 4.55 million shares in September as published by FINRA. Its up 18.87% from 3.83M shares, reported previously. With 1.16M shares average volume, it will take short sellers 4 days to cover their AIV’s short positions. The short interest to Apartment Investment and Managem’s float is 2.93%. About 611,647 shares traded hands. Apartment Investment and Management Co (NYSE:AIV) has risen 25.08% since February 8, 2016 and is uptrending. It has outperformed by 8.60% the S&P500.

Apartment Investment and Management Company is a self-administered and self-managed real estate investment trust. The company has a market cap of $6.92 billion. The Company, through its subsidiaries, AIMCO-GP, Inc. and AIMCO-LP Trust, holds the ownership interests in the Aimco Operating Partnership. It has a 106.4 P/E ratio. The Company’s divisions include conventional real estate and affordable real estate.

The institutional sentiment increased to 1.26 in Q2 2016. Its up 0.11, from 1.15 in 2016Q1. The ratio improved, as 20 funds sold all Apartment Investment and Management Co shares owned while 90 reduced positions. 21 funds bought stakes while 118 increased positions. They now own 156.08 million shares or 0.17% less from 156.35 million shares in 2016Q1.

Waterfront Capital Partners Llc holds 4.43% of its portfolio in Apartment Investment and Management Co for 630,200 shares. Green Street Investors Llc owns 79,300 shares or 2.86% of their US portfolio. Moreover, Cohen & Steers Inc has 2.6% invested in the company for 22.63 million shares. The Illinois-based Heitman Real Estate Securities Llc has invested 2.48% in the stock. Daiwa Securities Group Inc., a Japan-based fund reported 8.69 million shares.

Out of 12 analysts covering Apartment Investment & Management Co (NYSE:AIV), 4 rate it a “Buy”, 1 “Sell”, while 7 “Hold”. This means 33% are positive. Apartment Investment & Management Co has been the topic of 18 analyst reports since September 15, 2015 according to StockzIntelligence Inc. UBS upgraded the stock on July 1 to “Buy” rating.

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