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Alcoa Inc Witness Substantial Growth in Short Interest

In December, Alcoa Inc witness a big development in short interest. Beginning December 15th, there was short interest totalling 130,873,299 shares, a increase of 12.8 percent from the November 30th total of 116,060,243 shares, according to the reports. Based on a regular trading volume of 31,892,494 shares, the days-to-cover percentage is presently 4.1 days. Recently, 10.2 percent of the shares of the company are short sold.

In some other Alcoa news, On Friday, October 16, Director Martin Sorrell bought 4,435 shares of the company’s stock in a transaction. The stock was developed at an average price of $9.49 per share, for a total transaction of $42,088.15. Following the purchase, the director now directly have possession of 29,389 shares of the company’s shares, worth approximately $278,901.61. The acquisition was disclosed in a document filed with the Securities & Exchange Commission.Numerous hedge funds have currently modified their holdings of AA. J. Goldman & Company purchased a new stake in shares of Alcoa throughout the third quarter worth approximately $7,245,000.

ING Groep bought a new stake in shares of Alcoa during the third quarter worth approximately $1,002,000. Terra Nova Asset Management boosted its stake in shares of Alcoa by 0.9 percent in the third quarter. Terra Nova Asset Management now have possession of 17,680 shares of the company’s stock worth $171,000 after purchasing an additional 165 shares during the last quarter. Lastly, Baker Avenue Asset Management purchased a new position in Alcoa during the third quarter worth $676,000.


On Tuesday, Alcoa shares opened at 9.98. The company has a 50-day moving average price of $9.00 and a 200-day moving average price of $9.72. The stock has a market cap of $13.08 billion and a price-to-earnings percentage of 26.47. Alcoa has a 1-year low of $7.81 and a 1-year high of $17.10.

On Thursday, October 8, 2015, Alcoa last posted its quarterly earnings data. The company stated $0.07 EPS for the quarter, missing the Zacks’ consensus estimate of $0.14 by $0.07. The company earned $5.60 billion throughout the quarter. Alcoa’s income for the quarter was declined 10.7 percent compared to the same quarter last year. In the previous year, during the same period, the company earned $0.31 earnings per share. Equities experts predicted that Alcoa will post $0.58 EPS for the current year.

A number of research experts have weighed in on the company. In a research note on Friday, October 9, Nomura repeated a “buy” rating and issued a $14.00 price target on shares of Alcoa. In a research report on Thursday, October 8, Vetr upgraded Alcoa from a “hold” rating to a “buy” rating and set a $11.59 target price for the company.  JPMorgan Chase & Co. upsurge their target price on Alcoa from $8.00 to $9.50 and gave the company a “neutral” rating in a research report October 9th. On Friday, October 9, 2015, Stifel Nicolaus repeated a “buy” rating and set a $15.00 target price down from $18.00 on shares of Alcoa.

Lastly, RBC Capital upsurge their target price on Alcoa from $12.00 to $14.00 and gave the company a “sector perform” rating in a research report on Friday. One research analyst has ranked the stock with a sell rating, nine have given a hold rating and eleven have given a buy rating to the company’s stock. Alcoa currently has a consensus rating of “Hold” and a consensus price target of $13.49.


Alcoa Inc. is involved in lightweight metals, engineering and manufacturing. Alcoa operates in four sections: Alumina, Primary Metals, Global Rolled Products, and Engineered Products and Solutions. Its products, which include aluminum,nickel and titanium are used in aircraft, automobiles, packaging, commercial transportation, building and construction, oil and gas, defense, consumer electronics, and industrial applications across the globe. It also produces and manages primary aluminum, alumina combined and fabricated aluminum, through its active involvement in the aspects of the industry, including technology, mining, refining, smelting, fabricating, and recycling. The Company has investments and operating activities in Australia, China, Brazil, Guinea, Iceland, Saudi Arabia and Russia among others. It creates three dimensional (3D-printed) titanium, specialty metals and plastic parts for aerospace, medical and energy applications.Trade12

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