Armstrong Flooring, Inc. (NYSE:AFI) Short Interest Up 145.6% in April
Armstrong Flooring, Inc. (NYSE: AFI – Get a rating) benefited from strong growth in short-term interest in April. As of April 30, there were short interests totaling 109,800 shares, a growth of 145.6% from the total of 44,700 shares as of April 15. Based on an average trading volume of 662,500 shares, the short-term interest rate ratio is currently 0.2 days. Currently, 0.6% of the company’s shares are sold short.
In other Armstrong Flooring news, insider Lp 22Nw sold 3,196,336 shares of the company in a trade that took place on Monday, May 2. The stock was sold at an average price of $0.38, for a total value of $1,214,607.68. The transaction was disclosed in a legal filing with the SEC, available at this hyperlink. Insiders hold 3.00% of the shares of the company.
A number of hedge funds and other institutional investors have recently changed their holdings in AFI. Assenagon Asset Management SA acquired a new position in Armstrong Flooring in Q1 worth $31,000. Jump Financial LLC acquired a new position in Armstrong Flooring in Q3 worth $44,000. Morgan Stanley increased its stake in Armstrong Flooring by 318.4% in the first quarter. Morgan Stanley now owns 14,685 shares of the construction company valued at $72,000 after buying an additional 11,175 shares last quarter. Sei Investments Co. increased its stake in Armstrong Flooring by 46.5% in the fourth quarter. Sei Investments Co. now owns 64,262 shares of the construction company valued at $127,000 after buying an additional 20,400 shares last quarter. Finally, Millennium Management LLC acquired a new position in Armstrong Flooring in Q2 worth $352,000. 50.60% of the shares are currently held by hedge funds and other institutional investors.
AFI Share opened at $0.40 on Friday. The company has a market capitalization of $8.71 million, a PE ratio of -0.17 and a beta of 2.18. Armstrong Flooring has a 1 year minimum of $0.13 and a 1 year maximum of $6.62. The company’s 50-day simple moving average is $1.39 and its 200-day simple moving average is $1.81.
Armstrong floors (NYSE: AFI – Get a rating) last released its quarterly earnings data on Wednesday, March 9. The construction company reported EPS ($1.41) for the quarter. Armstrong Flooring had a negative net margin of 8.16% and a negative return on equity of 39.60%. The company had revenue of $164.40 million in the quarter.
Separately, StockNews.com threw a blanket on Armstrong Flooring in a research note on Wednesday. They have placed a “holding” rating on the stock.
About Armstrong Flooring (Get a rating)
Armstrong Flooring, Inc, together with its subsidiaries, designs, manufactures, purchases and sells flooring products in North America and the Pacific Rim. It offers resilient flooring. The company’s products are used in the construction and renovation of commercial, residential and institutional buildings.
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