AeroCentury Corp. (NYSEAMERICAN:ACY) Sees Significant Growth in Short Interest

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AeroCentury Corp. (NYSEAMERICAN:ACY) was the recipient of a large growth in short interest in the month of September. As of September 15th, there was short interest totalling 3,700 shares, a growth of 19.4% from the August 31st total of 3,100 shares. Based on an average trading volume of 21,500 shares, the short-interest ratio is currently 0.2 days. Approximately 0.3% of the shares of the company are sold short.

An institutional investor recently bought a new position in AeroCentury stock. Wells Fargo & Company MN purchased a new stake in AeroCentury Corp. (NYSEAMERICAN:ACY) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 35,564 shares of the company’s stock, valued at approximately $36,000. Wells Fargo & Company MN owned 2.30% of AeroCentury as of its most recent SEC filing.

ACY stock traded down $0.29 during trading on Friday, hitting $1.67. The company had a trading volume of 58,323 shares, compared to its average volume of 50,542. AeroCentury has a 1-year low of $0.71 and a 1-year high of $6.65.

AeroCentury (NYSEAMERICAN:ACY) last issued its quarterly earnings results on Thursday, August 13th. The company reported ($3.77) earnings per share (EPS) for the quarter. The company had revenue of $4.39 million during the quarter.

AeroCentury Company Profile

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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