Archrock Incorporated (NYSE:AROC) Short Interest Increased By 12.44%

October 13, 2017 - By Nellie Frank

 Archrock Incorporated (NYSE:AROC) Short Interest Increased By 12.44%

The stock of Archrock Incorporated (NYSE:AROC) registered an increase of 12.44% in short interest. AROC’s total short interest was 1.94M shares in October as published by FINRA. Its up 12.44% from 1.73 million shares, reported previously. With 696,000 shares average volume, it will take short sellers 3 days to cover their AROC’s short positions.

It closed at $12.35 lastly. It is down 64.69% since October 13, 2016 and is uptrending. It has outperformed by 47.99% the S&P500.

Archrock, Inc. is a natural gas contract activities services company. The company has market cap of $876.10 million. The Firm also provides natural gas compression services to clients in the oil and natural gas industry throughout the United States and supplies aftermarket services to clients that own compression equipment in the United States. It currently has negative earnings. The Firm operates through two divisions: contract activities and aftermarket services.

Archrock Inc (NYSE:AROC) Ratings Coverage

Among 12 analysts covering Archrock (NYSE:AROC), 3 have Buy rating, 0 Sell and 9 Hold. Therefore 25% are positive. Archrock had 19 analyst reports since March 28, 2016 according to SRatingsIntel. On Monday, August 22 the stock rating was initiated by Piperjaffray with “Neutral”. The firm has “Outperform” rating by RBC Capital Markets given on Wednesday, August 23. The rating was downgraded by RBC Capital Markets to “Underperform” on Tuesday, May 3. RF Lafferty initiated Archrock Inc (NYSE:AROC) on Tuesday, April 5 with “Buy” rating. The firm has “Equal Weight” rating given on Friday, June 23 by Capital One. The company was maintained on Monday, April 3 by Scotia Capital. The firm earned “Accumulate” rating on Friday, August 5 by Johnson Rice. The company was initiated on Friday, January 6 by JP Morgan. The firm earned “Hold” rating on Sunday, August 20 by RBC Capital Markets. The company was maintained on Monday, September 25 by RBC Capital Markets.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.