What’s Next for Albany International Corporation (NYSE:AIN) After Having Less Shares Shorted?

October 2, 2018 - By Marie Mckinney

Albany International Corp. (NYSE:AIN) Logo

Investors sentiment increased to 1.26 in 2018 Q2. Its up 0.18, from 1.08 in 2018Q1. It is positive, as 11 investors sold Albany International Corp. shares while 50 reduced holdings. 19 funds opened positions while 58 raised stakes. 27.98 million shares or 3.19% more from 27.11 million shares in 2018Q1 were reported.
Ameritas Investment holds 0.01% of its portfolio in Albany International Corp. (NYSE:AIN) for 2,473 shares. Zurcher Kantonalbank (Zurich Cantonalbank) reported 0% in Albany International Corp. (NYSE:AIN). State Common Retirement Fund accumulated 391,699 shares. First Interstate Financial Bank owns 0.05% invested in Albany International Corp. (NYSE:AIN) for 3,820 shares. Citadel Advsrs Ltd Com holds 12,248 shares. Stifel reported 9,190 shares. Price T Rowe Associate Md reported 12,567 shares or 0% of all its holdings. Ls Inv Advsr Ltd Liability Corporation owns 1,599 shares or 0.01% of their US portfolio. Signaturefd Ltd Liability Com holds 0% in Albany International Corp. (NYSE:AIN) or 29 shares. Vaughan Nelson Investment Management Lp owns 485,792 shares or 0.35% of their US portfolio. New York State Teachers Retirement Systems holds 0.01% or 83,775 shares in its portfolio. Connable Office Inc holds 5,357 shares or 0.07% of its portfolio. Deutsche Bancorp Ag owns 46,110 shares or 0% of their US portfolio. Moreover, Arizona State Retirement System has 0.03% invested in Albany International Corp. (NYSE:AIN). D E Shaw And Company has invested 0% of its portfolio in Albany International Corp. (NYSE:AIN).

Since May 30, 2018, it had 0 insider purchases, and 2 insider sales for $77,579 activity. Hansen Robert Alan also sold $9,270 worth of Albany International Corp. (NYSE:AIN) shares.

The stock of Albany International Corporation (NYSE:AIN) registered a decrease of 23.75% in short interest. AIN’s total short interest was 376,300 shares in October as published by FINRA. Its down 23.75% from 493,500 shares, reported previously. With 185,900 shares average volume, it will take short sellers 2 days to cover their AIN’s short positions. The short interest to Albany International Corporation’s float is 1.32%.

The stock decreased 1.50% or $1.19 during the last trading session, reaching $78.31. About 159,112 shares traded or 2.44% up from the average. Albany International Corp. (NYSE:AIN) has risen 46.19% since October 2, 2017 and is uptrending. It has outperformed by 30.57% the S&P500.

Albany International Corp. engages in textile and materials processing businesses worldwide. The company has market cap of $2.52 billion. The firm operates through Machine Clothing and Albany Engineered Composites (AEC) divisions. It has a 40.85 P/E ratio. The MC segment designs, makes, and markets paper machine clothing.

Albany International Corp. (NYSE:AIN) Institutional Positions Chart

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