AeroCentury Corp. (NYSEAMERICAN:ACY) Short Interest Update

AeroCentury Corp. (NYSEAMERICAN:ACY) was the recipient of a large drop in short interest in October. As of October 31st, there was short interest totalling 1,700 shares, a drop of 45.2% from the September 30th total of 3,100 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily volume of 3,600 shares, the days-to-cover ratio is currently 0.5 days.

Separately, Zacks Investment Research upgraded AeroCentury from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 16th.

NYSEAMERICAN:ACY opened at $5.39 on Friday. AeroCentury has a 52 week low of $5.11 and a 52 week high of $12.92.

A hedge fund recently bought a new stake in AeroCentury stock. Vanguard Group Inc. bought a new stake in AeroCentury Corp. (NYSEAMERICAN:ACY) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 10,188 shares of the company’s stock, valued at approximately $74,000. Vanguard Group Inc. owned 0.66% of AeroCentury at the end of the most recent reporting period.

About AeroCentury

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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