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.
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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