American Realty Investors, Inc. (NYSE:ARL) Short Interest Down 15.2% in August

American Realty Investors, Inc. (NYSE: ARL – Get a rating) saw a sharp drop in short-term interest during August. As of August 31, there was short interest totaling 15,100 shares, down 15.2% from the total of 17,800 shares as of August 15. Based on an average daily trading volume of 7,700 shares, the day-to-cover ratio is currently 2.0 days. Currently, 1.0% of the company’s shares are sold short.

Stock performance of US real estate investors

NYSE ARL lost $0.39 during Friday trading, hitting $13.75. 6,959 shares of the company have traded, compared to its average volume of 2,991. The company has a leverage ratio of 0.86, a quick ratio of 8.19 and a current ratio of 8.19. The stock has a market capitalization of $222.06 million, a price-earnings ratio of 5.52 and a beta of 0.69. American Realty Investors has a 12 month low of $10.02 and a 12 month high of $23.02. The company has a 50-day moving average of $14.54 and a 200-day moving average of $16.39.

Hedge funds weigh on US real estate investors

A number of institutional investors and hedge funds have recently increased or reduced their holdings in ARL. State Street Corp bought a new position in American Realty Investors during the second quarter for a value of approximately $245,000. Northern Trust Corp bought a new position in American Realty Investors during the second quarter for a value of approximately $216,000. Finally, Renaissance Technologies LLC increased its position in American Realty Investors by 17.1% during the second quarter. Renaissance Technologies LLC now owns 25,399 shares of the financial services provider worth $360,000 after purchasing an additional 3,700 shares during the period. Institutional investors hold 1.10% of the company’s shares.

Analyst upgrades and downgrades

Separately, began covering shares of American Realty Investors in a report on Sunday. They issued a “sell” rating on the stock.

American Realty Investors Company Profile

(Get a rating)

American Realty Investors, Inc, together with its subsidiaries, acquires, develops and owns multi-family apartment communities and commercial real estate properties in the Southwest, Southeast and Midwest United States. The company rents apartments to residents; and leases office, industrial, and commercial space to various for-profit businesses, as well as local, state, and federal agencies; and sells land and property.

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