AMREP Co. (NYSE:AXR – Get Free Report) was the target of a large growth in short interest during the month of July. As of July 15th, there was short interest totalling 35,100 shares, a growth of 108.9% from the June 30th total of 16,800 shares. Currently, 1.3% of the shares of the company are sold short. Based on an average daily trading volume, of 18,100 shares, the short-interest ratio is currently 1.9 days.
AMREP Stock Performance
AMREP stock traded up $0.90 during trading on Friday, reaching $22.65. The company had a trading volume of 76,800 shares, compared to its average volume of 13,078. The firm has a market capitalization of $119.82 million, a PE ratio of 41.95 and a beta of 0.91. The firm’s 50-day simple moving average is $20.04 and its 200 day simple moving average is $21.04. AMREP has a 1-year low of $15.38 and a 1-year high of $24.36.
Insider Buying and Selling at AMREP
In related news, VP Adrienne Uleau sold 1,700 shares of the firm’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $20.79, for a total transaction of $35,343.00. Following the sale, the vice president now directly owns 4,334 shares of the company’s stock, valued at $90,103.86. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, VP Adrienne Uleau sold 1,700 shares of the stock in a transaction on Monday, April 29th. The shares were sold at an average price of $20.79, for a total transaction of $35,343.00. Following the sale, the vice president now directly owns 4,334 shares of the company’s stock, valued at $90,103.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder James H. Dahl purchased 10,000 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The shares were purchased at an average price of $20.95 per share, for a total transaction of $209,500.00. Following the transaction, the insider now owns 376,207 shares of the company’s stock, valued at approximately $7,881,536.65. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 33,035 shares of company stock worth $670,025. Insiders own 37.00% of the company’s stock.
Institutional Trading of AMREP
Wall Street Analysts Forecast Growth
Separately, StockNews.com downgraded AMREP from a “hold” rating to a “sell” rating in a research report on Thursday, July 18th.
View Our Latest Stock Report on AMREP
AMREP Company Profile
AMREP Corporation, through its subsidiaries, primarily engages in the real estate business. The company operates through two segments, Land Development and Homebuilding. It sells developed and undeveloped lots to homebuilders, commercial and industrial property developers, and others. In addition, the company owns mineral interests covering an area of approximately 55,000 surface acres of land in Sandoval County, New Mexico; and owns oil, gas, and minerals and mineral interests covering an area of approximately 147 surface acres of land in Brighton, Colorado.
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