AeroCentury Corp. (NYSEAMERICAN:ACY) was the recipient of a large growth in short interest during the month of September. As of September 15th, there was short interest totalling 3,800 shares, a growth of 245.5% from the August 15th total of 1,100 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average daily trading volume, of 5,200 shares, the short-interest ratio is currently 0.7 days.
Separately, Zacks Investment Research downgraded shares of AeroCentury from a “hold” rating to a “strong sell” rating in a research report on Monday, August 19th.
A hedge fund recently bought a new stake in AeroCentury stock. Vanguard Group Inc. purchased a new position in shares of AeroCentury Corp. (NYSEAMERICAN:ACY) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 10,188 shares of the company’s stock, valued at approximately $74,000. Vanguard Group Inc. owned approximately 0.66% of AeroCentury at the end of the most recent reporting period.
Shares of NYSEAMERICAN ACY traded down $0.02 during midday trading on Friday, hitting $5.33. The company had a trading volume of 3,030 shares, compared to its average volume of 4,004. AeroCentury has a twelve month low of $5.20 and a twelve month high of $15.15.
AeroCentury (NYSEAMERICAN:ACY) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.05 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by ($0.06). The company had revenue of $7.16 million for the quarter, compared to analysts’ expectations of $7.43 million.
AeroCentury Corp., together with its subsidiaries, acquires and leases aircraft and aircraft engines to regional airlines in the United States and internationally. The company provides operating and finance leasing services of mid-life regional aircraft to carriers. It also sells aircraft from its operating lease portfolio to third parties, which includes other leasing companies, financial services companies, and airlines, as well as engages in parting out aircraft.
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