Could Acuity Brands Incorporated (NYSE:AYI) Go Up After Its Newest Short Interest Report?

December 7, 2017 - By Dolores Ford

 Could Acuity Brands Incorporated (NYSE:AYI) Go Up After Its Newest Short Interest Report?

Investors sentiment decreased to 0.85 in Q2 2017. Its down 0.06, from 0.91 in 2017Q1. It turned negative, as 61 investors sold Acuity Brands, Inc. shares while 138 reduced holdings. 48 funds opened positions while 121 raised stakes. 44.26 million shares or 0.54% more from 44.02 million shares in 2017Q1 were reported.
Bronson Point Management Limited Liability Co has invested 3.18% in Acuity Brands, Inc. (NYSE:AYI). Capstone Inv Advsrs Limited Liability Company reported 1,101 shares. 1,505 are held by Brown Advisory Lc. Clearbridge Invests Limited Liability invested 0.07% of its portfolio in Acuity Brands, Inc. (NYSE:AYI). Paloma Prns holds 22,710 shares. 1,390 are held by Genesee Valley Trust. Legal And General Group Inc Plc invested 0.03% of its portfolio in Acuity Brands, Inc. (NYSE:AYI). Segall Bryant And Hamill holds 0.89% of its portfolio in Acuity Brands, Inc. (NYSE:AYI) for 185,274 shares. Rosenblum Silverman Sutton S F Incorporated Ca owns 1.19% invested in Acuity Brands, Inc. (NYSE:AYI) for 14,720 shares. Pillar Pacific Cap Mgmt Ltd owns 1,470 shares or 0.04% of their US portfolio. Gemmer Asset Ltd has invested 0% in Acuity Brands, Inc. (NYSE:AYI). Oppenheimer Asset Mngmt Inc holds 0.19% of its portfolio in Acuity Brands, Inc. (NYSE:AYI) for 33,290 shares. Intrust Savings Bank Na has 0.14% invested in Acuity Brands, Inc. (NYSE:AYI). King Luther Corporation has 4,595 shares. Daiwa Group Inc Inc Inc holds 0% or 1,200 shares in its portfolio.

The stock of Acuity Brands Incorporated (NYSE:AYI) registered an increase of 5.65% in short interest. AYI’s total short interest was 5.60 million shares in December as published by FINRA. Its up 5.65% from 5.30M shares, reported previously. With 689,300 shares average volume, it will take short sellers 8 days to cover their AYI’s short positions.

The stock increased 0.79% or $1.3 during the last trading session, reaching $165.35. About 610,230 shares traded. Acuity Brands, Inc. (NYSE:AYI) has declined 31.18% since December 7, 2016 and is downtrending. It has underperformed by 47.88% the S&P500.

Acuity Brands, Inc. designs, produces, and distributes various lighting solutions and services for commercial, institutional, industrial, infrastructure, and residential applications in North America and internationally. The company has market cap of $6.90 billion. The firm offers lighting and controls products and solutions, including recessed, surface, and suspended lighting; down, decorative, emergency and exit, track, daylighting, special-us, street and roadway, parking garage, and underwater lighting; area pedestrian, flood, and decorative site lighting; landscape lighting; occupancy sensors; photo controls; relay panels; architectural dimming panels; and integrated lighting controls systems. It has a 22.25 P/E ratio. It also provides modular wiring products, light emitting diode drivers, glass products, and inverters; and services across applications that primarily relate to monitoring and controlling lighting systems through network technologies and the commissioning of control systems.

Acuity Brands, Inc. (NYSE:AYI) Ratings Coverage

Among 20 analysts covering Acuity Brands Inc. (NYSE:AYI), 11 have Buy rating, 2 Sell and 7 Hold. Therefore 55% are positive. Acuity Brands Inc. had 51 analyst reports since August 21, 2015 according to SRatingsIntel. The rating was maintained by Oppenheimer on Tuesday, December 1 with “Outperform”. Cowen & Co maintained Acuity Brands, Inc. (NYSE:AYI) on Wednesday, October 4 with “Buy” rating. The firm has “Overweight” rating by Piper Jaffray given on Saturday, August 22. The stock of Acuity Brands, Inc. (NYSE:AYI) earned “Sell” rating by Roth Capital on Thursday, November 9. Guggenheim initiated the shares of AYI in report on Tuesday, April 11 with “Neutral” rating. The firm has “Hold” rating by Wells Fargo given on Friday, September 15. The firm has “Outperform” rating given on Thursday, April 7 by CLSA. Oppenheimer maintained it with “Buy” rating and $230.0 target in Thursday, August 24 report. The stock of Acuity Brands, Inc. (NYSE:AYI) earned “Outperform” rating by Wells Fargo on Monday, October 31. The stock has “Neutral” rating by TH Capital on Thursday, August 25.

More recent Acuity Brands, Inc. (NYSE:AYI) news were published by: Streetinsider.com which released: “Acuity Brands (AYI) Mentioned Cautiously by Short-Focused Research Firm” on December 06, 2017. Also Reuters.com published the news titled: “BRIEF-Acuity Brands CEO Vernon Nagel’s 2017 total compensation was $7.7 million” on November 21, 2017. Prnewswire.com‘s news article titled: “Technical Perspectives on MicroVision, Silicon Motion Technology, Amphenol …” with publication date: December 07, 2017 was also an interesting one.

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