Arconic Incorporated (NYSE:ARNC) Shorted Shares Increased 1.21% After Market Selling

December 7, 2017 - By Max Morgan

 Arconic Incorporated (NYSE:ARNC) Shorted Shares Increased 1.21% After Market Selling

The stock of Arconic Incorporated (NYSE:ARNC) registered an increase of 1.21% in short interest. ARNC’s total short interest was 10.29M shares in December as published by FINRA. Its up 1.21% from 10.17M shares, reported previously. With 4.49 million shares average volume, it will take short sellers 2 days to cover their ARNC’s short positions. The short interest to Arconic Incorporated’s float is 2.65%.

The stock increased 2.03% or $0.49 during the last trading session, reaching $24.62. About 714,976 shares traded. Arconic Inc. (NYSE:ARNC) has risen 34.47% since December 7, 2016 and is uptrending. It has outperformed by 17.77% the S&P500.

Arconic Inc. engineers, manufactures, and sells lightweight metals of aluminum, titanium, and nickel worldwide. The company has market cap of $11.85 billion. It operates through three divisions: Global Rolled Products, Engineered Products and Solutions, and Transportation and Construction Solutions. It currently has negative earnings. The Global Rolled Products segment produces and sells aluminum sheets and plates; and aseptic foils.

Arconic Inc. (NYSE:ARNC) Ratings Coverage

Among 4 analysts covering Arconic (NYSE:ARNC), 2 have Buy rating, 0 Sell and 2 Hold. Therefore 50% are positive. Arconic has $27 highest and $25 lowest target. $25.67’s average target is 4.26% above currents $24.62 stock price. Arconic had 5 analyst reports since December 8, 2016 according to SRatingsIntel. The firm earned “Neutral” rating on Friday, March 31 by Longbow. The firm has “Hold” rating given on Monday, June 26 by Cowen & Co. As per Thursday, March 30, the company rating was maintained by Cowen & Co. The firm has “Buy” rating by Argus Research given on Thursday, December 8. Seaport Global upgraded Arconic Inc. (NYSE:ARNC) on Thursday, July 13 to “Buy” rating.

More recent Arconic Inc. (NYSE:ARNC) news were published by: Businesswire.com which released: “Arconic Shareholders Approve Delaware Reincorporation” on November 30, 2017. Also Benzinga.com published the news titled: “Jim Cramer Shares His Thoughts On Arconic, Copart And CarMax” on December 06, 2017. Nasdaq.com‘s news article titled: “Arconic (ARNC) and Airbus Ink Aerospace 3D-Printing Deal” with publication date: November 16, 2017 was also an interesting one.

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