Can Amrep Corporation New (NYSE:AXR)’s Tomorrow be Different? The Stock Had Increase in Shorts

December 7, 2017 - By Hazel Jackson

 Can Amrep Corporation New (NYSE:AXR)’s Tomorrow be Different? The Stock Had Increase in Shorts

Investors sentiment decreased to 0.83 in Q2 2017. Its down 0.05, from 0.88 in 2017Q1. It turned negative, as 1 investors sold AMREP Corporation shares while 5 reduced holdings. 2 funds opened positions while 3 raised stakes. 1.72 million shares or 3.64% less from 1.78 million shares in 2017Q1 were reported.
Nationwide Fund Advsrs has 216 shares. Illinois-based Hightower Advsrs Lc has invested 0% in AMREP Corporation (NYSE:AXR). Dimensional Fund Advsrs L P holds 0% of its portfolio in AMREP Corporation (NYSE:AXR) for 199,822 shares. Robotti Robert has invested 1.45% of its portfolio in AMREP Corporation (NYSE:AXR). Blackrock owns 11,063 shares for 0% of their portfolio. Moreover, Salem Investment Counselors Incorporated has 0% invested in AMREP Corporation (NYSE:AXR). Tower Rech Limited Liability Corporation (Trc) stated it has 0% of its portfolio in AMREP Corporation (NYSE:AXR). The Pennsylvania-based Vanguard has invested 0% in AMREP Corporation (NYSE:AXR). Weber Alan W owns 0.52% invested in AMREP Corporation (NYSE:AXR) for 141,480 shares. Oppenheimer & Close Limited Co has invested 0.34% in AMREP Corporation (NYSE:AXR). California Pub Employees Retirement holds 0% or 22,809 shares. Wells Fargo Company Mn reported 1 shares. Bridgeway Cap Management Incorporated invested in 76,600 shares. Deutsche Natl Bank Ag stated it has 12,071 shares or 0% of all its holdings. Renaissance Techs Ltd Liability Co reported 106,180 shares or 0% of all its holdings.

The stock of Amrep Corporation New (NYSE:AXR) registered an increase of 19.57% in short interest. AXR’s total short interest was 27,500 shares in December as published by FINRA. Its up 19.57% from 23,000 shares, reported previously. With 1,700 shares average volume, it will take short sellers 16 days to cover their AXR’s short positions. The short interest to Amrep Corporation New’s float is 0.84%.

The stock increased 1.00% or $0.07 during the last trading session, reaching $7.08. About 8,349 shares traded or 132.24% up from the average. AMREP Corporation (NYSE:AXR) has risen 41.57% since December 7, 2016 and is uptrending. It has outperformed by 24.87% the S&P500.

AMREP Corporation, through its subsidiaries, provides real estate and fulfillment services. The company has market cap of $57.27 million. The companyÂ’s Fulfillment Services segment provides fulfillment and contact center services, including subscriber list and database management, payment and order processing and accounting, subscriber mailing services, customer service and contact center management, data processing and business intelligence solutions, and print and digital marketing solutions, as well as product fulfillment warehousing, processing, and distribution services. It has a 72.24 P/E ratio. This segment offers its services for consumer publications, trade publications, membership organizations, non-profit organizations, government agencies, and other direct marketers.

More notable recent AMREP Corporation (NYSE:AXR) news were published by: Seekingalpha.com which released: “AMREP Corporation: Down, But Not Out” on March 15, 2011, also Prnewswire.com with their article: “AMREP Reports Fiscal 2017 Results” published on July 18, 2017, Prnewswire.com published: “AMREP Sells Its Newsstand Distribution Services Business And Its Product …” on February 09, 2015. More interesting news about AMREP Corporation (NYSE:AXR) were released by: Globenewswire.com and their article: “AMREP Announces Appointments of Chief Executive Officer and Chief Financial …” published on September 18, 2017 as well as Prnewswire.com‘s news article titled: “AMREP Subsidiary Acquires Certain Assets Of FulCircle, Inc.” with publication date: January 02, 2013.

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