Apollo Global Management LLC June 15th Short Interest Update

Apollo Global Management LLC (NYSE:APO) reported a drop of 2.9% or 160,860 shares in its short interest. The short figure came in at 3% of the total floats. The average daily volume of 768,021 shares suggests that the days to cover 5,323,363 short positions, as on June 15,2016, will be 7. On May 31,2016, the short interest was 5,484,223 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Apollo Global Management LLC (NYSE:APO): The stock opened at $14.97 on Friday but the bulls could not build on the opening and the stock topped out at $15.20 for the day. The stock traded down to $14.82 during the day, due to lack of any buying support eventually closed down at $15.01 with a loss of -4.33% for the day. The stock had closed at $15.69 on the previous day. The total traded volume was 2,208,440 shares.

The company shares have dropped -32.23% from its 1 Year high price. On Jun 29, 2015, the shares registered one year high at $22.65 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $16.20 and the 200 Day Moving Average price is recorded at $15.69.

Apollo Global Management LLC (NYSE:APO) has tumbled 2.41% during the past week and has dropped 9.41% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 0.79%. Apollo Global Management LLC (NYSE:APO) has underperformed the index by 6.67% in the last 4 weeks. Investors should watch out for further signals and trade with caution.

Apollo Global Management, LLC is an investment manager in private equity, credit and real estate. The Company raises, invests and manages funds on behalf of pension, endowment and sovereign wealth funds, as well as other institutional and individual investors. The Company operates through three segments: The Company operates through three segments: Private equity, which invests in control equity and related debt instruments, convertible securities and distressed debt instruments; Credit, which primarily invests in non-control corporate and structured debt instruments, and Real estate, which invests in real estate equity for the acquisition and recapitalization of real estate assets, portfolios, platforms and operating companies, and real estate debt including first mortgage and mezzanine loans, preferred equity and commercial mortgage backed securities.

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