Is Buying Amrep Corporation New (NYSE:AXR), Having Higher Short Interest a Winning Strategy?

December 7, 2017 - By Kurt Siggers

 Is Buying Amrep Corporation New (NYSE:AXR), Having Higher Short Interest a Winning Strategy?

Investors sentiment decreased to 0.83 in 2017 Q2. Its down 0.05, from 0.88 in 2017Q1. It is 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.
Perritt Cap Mgmt holds 0.12% or 65,000 shares. Moreover, Oppenheimer And Close Ltd has 0.34% invested in AMREP Corporation (NYSE:AXR) for 49,032 shares. California Public Employees Retirement System has invested 0% of its portfolio in AMREP Corporation (NYSE:AXR). Morgan Stanley holds 27 shares. Dimensional Fund Limited Partnership has invested 0% in AMREP Corporation (NYSE:AXR). Moreover, Royal Bank Of Canada has 0% invested in AMREP Corporation (NYSE:AXR). Bridgeway Capital Mgmt reported 76,600 shares. Tower Research Ltd (Trc) holds 0% or 100 shares. Arbiter Partners Cap Management Ltd Liability Corporation holds 0.09% or 113,095 shares. Salem Investment Counselors Inc holds 25 shares. Vanguard Gp owns 50,913 shares or 0% of their US portfolio. Driehaus Capital Lc invested 0% in AMREP Corporation (NYSE:AXR). Wells Fargo & Mn reported 1 shares. Renaissance Tech Lc stated it has 0% in AMREP Corporation (NYSE:AXR). Robotti Robert has invested 1.45% in AMREP Corporation (NYSE:AXR).

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: Prnewswire.com which released: “AMREP Announces Appointment of Chief Financial Officer” on August 18, 2016, also Marketwatch.com with their article: “Amrep Corp.” published on October 16, 2010, Prnewswire.com published: “AMREP Reports Fiscal 2017 Results” on July 18, 2017. More interesting news about AMREP Corporation (NYSE:AXR) were released by: Prnewswire.com and their article: “AMREP Sells Its Newsstand Distribution Services Business And Its Product …” published on February 09, 2015 as well as Globenewswire.com‘s news article titled: “AMREP Announces Appointments of Chief Executive Officer and Chief Financial …” with publication date: September 18, 2017.

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