What’s Apple Incorporated (NASDAQ:AAPL) Upside After This Short Interest Increase?

June 20, 2017 - By Vivian Park

 What's Apple Incorporated (NASDAQ:AAPL) Upside After This Short Interest Increase?

Investors sentiment decreased to 0.79 in 2016 Q4. Its down 0.03, from 0.82 in 2016Q3. It worsened, as 90 investors sold Apple Inc. shares while 975 reduced holdings. 123 funds opened positions while 723 raised stakes. 3.04 billion shares or 1.85% more from 2.98 billion shares in 2016Q3 were reported.
Vantage Invest Advisors Limited Liability Company stated it has 76,764 shares. Glovista Invests Lc stated it has 0.09% in Apple Inc. (NASDAQ:AAPL). Jfs Wealth Advsr Limited Liability Com holds 0.97% or 30,771 shares. Factory Mutual Ins reported 2.16 million shares. Chevy Chase has invested 3.14% of its portfolio in Apple Inc. (NASDAQ:AAPL). Stone Run Capital Lc holds 0.29% in Apple Inc. (NASDAQ:AAPL) or 3,788 shares. 405,785 were accumulated by Fishman Jay A Limited Mi. Syntal Partners Ltd Liability holds 8,780 shares. 9,963 are owned by Bsw Wealth Prns. Dimensional Fund Advsrs Limited Partnership reported 0.96% in Apple Inc. (NASDAQ:AAPL). Smith Moore Com accumulated 30,964 shares. Matrix Asset New York accumulated 43,879 shares or 0.86% of the stock. Ironwood Counsel Lc has invested 2.28% of its portfolio in Apple Inc. (NASDAQ:AAPL). Edge Wealth Mngmt Llc holds 112,084 shares. Meristem Limited Liability Partnership stated it has 1.08% of its portfolio in Apple Inc. (NASDAQ:AAPL).

Since December 27, 2016, it had 0 buys, and 32 selling transactions for $162.84 million activity. Shares for $8.98 million were sold by GORE ALBERT JR on Wednesday, February 1. The insider Srouji Johny sold $1.54 million. The insider SCHILLER PHILIP W sold 47,796 shares worth $6.85 million. 11,949 shares valued at $1.86 million were sold by Riccio Daniel J. on Wednesday, June 7. The insider Cue Eduardo H sold $6.92M. On Wednesday, January 25 COOK TIMOTHY D sold $3.64 million worth of Apple Inc. (NASDAQ:AAPL) or 30,000 shares. Maestri Luca sold $472,699 worth of Apple Inc. (NASDAQ:AAPL) on Friday, January 6.

The stock of Apple Incorporated (NASDAQ:AAPL) registered an increase of 10.34% in short interest. AAPL’s total short interest was 49.91 million shares in June as published by FINRA. Its up 10.34% from 45.23M shares, reported previously. With 34.20 million shares average volume, it will take short sellers 2 days to cover their AAPL’s short positions. The short interest to Apple Incorporated’s float is 0.96%.

The stock increased 2.86% or $4.07 during the last trading session, reaching $146.34. About 29,225 shares traded. Apple Inc. (NASDAQ:AAPL) has risen 62.48% since June 20, 2016 and is uptrending. It has outperformed by 45.78% the S&P500.

Apple Inc. designs, manufactures and markets mobile communication and media devices, personal computers, and portable digital music players, and a variety of related software, services, peripherals, networking solutions, and third-party digital content and applications. The company has market cap of $752.31 billion. The Company’s services and products include iPhone, iPad, Mac, iPod, Apple TV, a portfolio of consumer and professional software applications, the iOS and OS X operating systems, iCloud, and a variety of accessory, service and support offerings. It has a 17.12 P/E ratio. The Firm also delivers digital content and applications through the iTunes Store, App StoreSM, iBookstoreSM, and Mac App Store.

Apple Inc. (NASDAQ:AAPL) Ratings Coverage

Among 45 analysts covering Apple Inc. (NASDAQ:AAPL), 35 have Buy rating, 1 Sell and 9 Hold. Therefore 78% are positive. Apple Inc. has $20200 highest and $11 lowest target. $139.34’s average target is -4.78% below currents $146.34 stock price. Apple Inc. had 214 analyst reports since July 21, 2015 according to SRatingsIntel. RBC Capital Markets maintained the stock with “Outperform” rating in Wednesday, February 1 report. BTIG Research maintained the shares of AAPL in report on Thursday, April 7 with “Buy” rating. Goldman Sachs upgraded Apple Inc. (NASDAQ:AAPL) on Wednesday, November 18 to “Conviction Buy” rating. The firm has “Overweight” rating given on Monday, October 12 by Morgan Stanley. Susquehanna maintained the shares of AAPL in report on Wednesday, October 28 with “Buy” rating. On Monday, April 4 the stock rating was maintained by Credit Suisse with “Outperform”. The firm has “Buy” rating by Drexel Hamilton given on Wednesday, October 26. The firm has “Buy” rating by Oppenheimer given on Friday, September 4. The firm earned “Buy” rating on Wednesday, September 9 by Rosenblatt. The firm has “Buy” rating given on Monday, August 24 by Stifel Nicolaus.

More notable recent Apple Inc. (NASDAQ:AAPL) news were published by: Seekingalpha.com which released: “Apple: Time To Exit” on June 19, 2017, also Seekingalpha.com with their article: “Apple Breaks Bad In Streaming Video” published on June 17, 2017, Fool.com published: “Apple Inc. Isn’t Giving Up on the iPad” on June 19, 2017. More interesting news about Apple Inc. (NASDAQ:AAPL) were released by: Fool.com and their article: “2 Things I Want to See in Apple Inc.’s 2018 iPad Pro Lineup” published on June 19, 2017 as well as Investorplace.com‘s news article titled: “Why Apple Inc. (AAPL) Stock Can Still Keep Its Shine … For Now” with publication date: June 19, 2017.

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