AUS
NZ
UK
CA
USA
IND
Highlights
- Alcoa (NYSE:AA) experienced a notable rise in short interest in January, reflecting increased market activity.
- Institutional investors have recently adjusted their positions in the company, with some increasing holdings significantly.
- The company's financial indicators, including debt levels and liquidity ratios, provide insight into its market standing.
Short Interest Activity
Alcoa (NYSE:AA) saw a rise in short interest during January. As of the end of the month, the total short interest stood at over nine million shares, reflecting an increase from mid-January levels. Given the average daily trading volume, the short-interest ratio currently stands at approximately two days.
Institutional Holdings and Market Position
Several institutional investors have made adjustments to their positions in Alcoa. UMB Bank n.a. increased its stake in the company by over 480% in the third quarter. This resulted in ownership of more than 700 shares after acquiring additional stock. Quarry LP also established a new position in Alcoa during the same period. Similarly, Continuum Advisory LLC expanded its stake significantly, now holding over 1,100 shares after increasing its position.
GAMMA Investing LLC also raised its investment in the company in the fourth quarter, with its holdings now exceeding 1,400 shares. Additionally, Millburn Ridgefield Corp acquired a new stake in Alcoa during the third quarter.
Stock Performance and Financial Indicators
Alcoa opened at $36.27 per share in recent trading. The company’s fifty-day moving average stands at $38.80, while its two-hundred-day moving average is recorded at $37.51. The debt-to-equity ratio is measured at 0.48, with a quick ratio of 0.86 and a current ratio of 1.45. These financial metrics provide insight into the company's liquidity and overall financial standing.
With a market capitalization exceeding nine billion dollars, Alcoa maintains a notable presence in the industrial sector. The company currently holds a negative price-to-earnings ratio, a PEG ratio of 0.20, and a beta of 2.43, reflecting its market volatility.
Recent Financial Performance
Alcoa released its quarterly earnings results in January, reporting earnings per share of $1.04. This figure surpassed market estimates of $0.91, exceeding expectations by a small margin. The company reported a return on equity of over 5%, along with a net margin of 0.50%.
As market dynamics shift, Alcoa remains a focal point within the industrial sector. The latest short interest data and institutional holdings reflect ongoing activity in the company's stock performance and financial position.
