Associated Estates Realty Corp (NASDAQ:AEC) Short Interest Up 151.0% in June

Associated Estates Realty Corp (NASDAQ:AEC) saw a large increase in short interest during the month of June. As of June 30th, there was short interest totaling 193,791 shares, an increase of 151.0% from the June 15th total of 77,195 shares. Based on an average trading volume of 69,201 shares, the short-interest ratio is currently 2.8 days.

Institutional Trading of Associated Estates Realty

Several large investors have recently modified their holdings of AEC. Themes Management Co LLC purchased a new position in Associated Estates Realty during the 4th quarter valued at about $58,000. XTX Topco Ltd purchased a new stake in Associated Estates Realty in the 4th quarter worth approximately $76,000. Geode Capital Management LLC purchased a new stake in Associated Estates Realty in the 4th quarter worth approximately $93,000. Quadrature Capital Ltd bought a new stake in shares of Associated Estates Realty in the 4th quarter worth approximately $128,000. Finally, Millennium Management LLC bought a new stake in shares of Associated Estates Realty in the 4th quarter worth approximately $128,000. 85.42% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Associated Estates Realty in a research report on Monday, July 6th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of “Sell”.

Associated Estates Realty Trading Down 1.9%

NASDAQ:AEC opened at $4.17 on Tuesday. The company has a fifty day moving average of $4.46 and a 200 day moving average of $5.65. Associated Estates Realty has a 52 week low of $3.66 and a 52 week high of $12.49.

Associated Estates Realty (NASDAQ:AEC) last announced its quarterly earnings results on Friday, May 15th. The real estate investment trust reported ($0.29) earnings per share (EPS) for the quarter.

Associated Estates Realty Company Profile

Associated Estates Realty Corporation is a self-administered and self-managed equity real estate investment trust (REIT). The Company is engaged primarily in the ownership and operation of multifamily apartment units. It specializes in multifamily ownership, operation, acquisition, development, disposition and property management activities. Its operating portfolio consists of approximately 49 apartment communities containing around 12,734 units in eight states that are owned, either directly or indirectly, through its subsidiaries.