What’s Ahead for Apergy Corporation (NYSE:APY) After More Shorted Shares?

October 2, 2018 - By Richard Conner

The stock of Apergy Corporation (NYSE:APY) registered an increase of 3.37% in short interest. APY’s total short interest was 3.46 million shares in October as published by FINRA. Its up 3.37% from 3.35 million shares, reported previously. With 362,500 shares average volume, it will take short sellers 10 days to cover their APY’s short positions. The short interest to Apergy Corporation’s float is 4.49%.

The stock decreased 1.17% or $0.51 during the last trading session, reaching $43.25. About 63,722 shares traded. Apergy Corporation (NYSE:APY) has 0.00% since October 2, 2017 and is . It has underperformed by 15.62% the S&P500.

Apergy Corporation provides engineered equipment and technologies that help companies drill for and produce gas and oil worldwide. The company has market cap of $3.35 billion. The firm operates through Production & Automation Technologies and Drilling Technologies divisions. It has a 27.2 P/E ratio. The Production & Automation Technologies segment offers artificial lift equipment and solutions, including rod pumping systems, electric submersible pump systems, progressive cavity pumps, and drive systems and plunger lifts, as well as automation equipment, software, and industrial Internet of things solutions for downhole monitoring, wellsite productivity enhancement, and asset integrity management.

More news for Apergy Corporation (NYSE:APY) were recently published by: Fool.com, which released: “Does Dover Corporation’s Restructuring Make It a Buy?” on September 17, 2018. Globenewswire.com‘s article titled: “Apergy Announces Third Quarter 2018 Earnings Release and Conference Call Schedule” and published on September 10, 2018 is yet another important article.

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