AeroCentury Corp. (NYSEAMERICAN:ACY) was the target of a significant drop in short interest in August. As of August 31st, there was short interest totalling 136,100 shares, a drop of 33.6% from the August 15th total of 205,000 shares. Currently, 11.3% of the shares of the stock are sold short. Based on an average daily volume of 598,800 shares, the short-interest ratio is presently 0.2 days.
Shares of NYSEAMERICAN ACY traded up $1.33 during midday trading on Friday, reaching $36.08. 16,631 shares of the stock were exchanged, compared to its average volume of 1,823,714. The business’s 50-day moving average is $4.33. The stock has a market capitalization of $55.92 million, a P/E ratio of -2.05 and a beta of 4.22. AeroCentury has a 12 month low of $1.50 and a 12 month high of $39.98.
In other AeroCentury news, Director Evan M. Wallach sold 1,770 shares of the firm’s stock in a transaction that occurred on Friday, September 3rd. The shares were sold at an average price of $28.77, for a total value of $50,922.90. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Michael Gerhard Magnusson sold 11,677 shares of the firm’s stock in a transaction that occurred on Friday, September 3rd. The shares were sold at an average price of $28.79, for a total transaction of $336,180.83. The disclosure for this sale can be found here. In the last three months, insiders sold 20,791 shares of company stock valued at $601,251. 22.60% of the stock is currently owned by company insiders.
AeroCentury Company Profile
AeroCentury Corp. engages in the business of investing in used regional aircraft equipment leased to foreign and domestic regional air carriers. Its aviation assets consist of turboprop aircraft, regional jet aircraft, and engines. The company was founded in 1997 and is headquartered in Burlingame, CA.
Read More: What is the QQQ ETF?
Receive News & Ratings for AeroCentury Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AeroCentury and related companies with MarketBeat.com's FREE daily email newsletter.