What’s Preferred Apartment Communities Inc (NYSE:APTS) Upside After This Short Interest Decrease?

September 16, 2018 - By Richard Doty

Preferred Apartment Communities, Inc. (NYSE:APTS) Logo

Investors sentiment decreased to 1.32 in Q2 2018. Its down 0.68, from 2 in 2018Q1. It dived, as 22 investors sold Preferred Apartment Communities, Inc. shares while 34 reduced holdings. 24 funds opened positions while 50 raised stakes. 20.78 million shares or 3.37% less from 21.51 million shares in 2018Q1 were reported.
Daiwa Securities Grp Inc Inc has invested 0% in Preferred Apartment Communities, Inc. (NYSE:APTS). Rhumbline Advisers owns 46,315 shares for 0% of their portfolio. Synovus Fincl Corp invested 0% in Preferred Apartment Communities, Inc. (NYSE:APTS). Sigma Planning stated it has 14,198 shares. First City Management reported 0.21% of its portfolio in Preferred Apartment Communities, Inc. (NYSE:APTS). Cambridge Inv Research Advsr reported 55,150 shares stake. Boston Advisors Limited Liability Co holds 0.16% of its portfolio in Preferred Apartment Communities, Inc. (NYSE:APTS) for 380,871 shares. Etrade Cap Management Lc invested 0.03% in Preferred Apartment Communities, Inc. (NYSE:APTS). Orinda Asset Mgmt Ltd Liability Co accumulated 15,869 shares. Savings Bank Of Mellon owns 357,630 shares. Barclays Public Lc reported 5,577 shares. Raymond James & accumulated 30,847 shares. Connor Clark And Lunn Invest Mngmt Ltd reported 45,700 shares. Parametric Associates Lc reported 160,578 shares stake. 28,727 are owned by D E Shaw And.

Since August 29, 2018, it had 0 buys, and 1 insider sale for $99,605 activity.

The stock of Preferred Apartment Communities Inc (NYSE:APTS) registered a decrease of 10.91% in short interest. APTS’s total short interest was 1.91 million shares in September as published by FINRA. Its down 10.91% from 2.15 million shares, reported previously. With 237,800 shares average volume, it will take short sellers 8 days to cover their APTS’s short positions.

The stock increased 0.56% or $0.1 during the last trading session, reaching $17.96. About 270,464 shares traded. Preferred Apartment Communities, Inc. (NYSE:APTS) has declined 0.06% since September 16, 2017 and is downtrending. It has underperformed by 15.68% the S&P500.

Preferred Apartment Communities, Inc. is a real estate investment trust externally managed by Preferred Apartment Advisors, LLC. The company has market cap of $733.20 million. The firm invests in real estate markets of the United States. It currently has negative earnings. It primarily acquires and operates multifamily apartment properties.

Preferred Apartment Communities, Inc. (NYSE:APTS) Institutional Positions Chart

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