Time to Reconsider Apergy Corporation (NYSE:APY) After More Short Sellers?

September 16, 2018 - By Margaret Downey

The stock of Apergy Corporation (NYSE:APY) registered an increase of 3.37% in short interest. APY’s total short interest was 3.46 million shares in September as published by FINRA. Its up 3.37% from 3.35 million shares, reported previously. With 362,500 shares average volume, it will take short sellers 10 days to cover their APY’s short positions. The short interest to Apergy Corporation’s float is 4.49%.

The stock increased 0.64% or $0.27 during the last trading session, reaching $42.51. About 644,260 shares traded or 22.50% up from the average. Apergy Corporation (NYSE:APY) has 0.00% since September 16, 2017 and is . It has underperformed by 15.62% the S&P500.

Apergy Corporation provides engineered equipment and technologies that help companies drill for and produce gas and oil worldwide. The company has market cap of $3.29 billion. The firm operates through Production & Automation Technologies and Drilling Technologies divisions. It has a 26.74 P/E ratio. The Production & Automation Technologies segment offers artificial lift equipment and solutions, including rod pumping systems, electric submersible pump systems, progressive cavity pumps, and drive systems and plunger lifts, as well as automation equipment, software, and industrial Internet of things solutions for downhole monitoring, wellsite productivity enhancement, and asset integrity management.

Another recent and important Apergy Corporation (NYSE:APY) news was published by Globenewswire.com which published an article titled: “Apergy to Present at Barclays CEO Energy-Power Conference” on August 29, 2018.

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