Applnc Rcycl Ct Amer shares had a trading volume of 170K by the end of trading on Wednesday. Shares saw a steep increase in trading volume of 85.41% over the normal average daily volume.
Short traders are feeling a little more bearish of late if you consider the increase in short interest. The company recorded a rise in short interest of 32.95% as of the latest report on October 13, 2017. Short interest increased 38,369 over that period. The short-interest ratio decreased to 1.0 and the percentage of shorted shares was 0.02% on October 13.
These funds have shifted positions in (ARCI). Grt Capital Partners L.l.c. trimmed its stake by shedding 51,583 shares a decrease of 41.3%. Grt Capital Partners L.l.c. currently owns 73,217 shares with a value of $58,000. The value of the position overall is down by 56.1%. Ubs Group Ag expanded its investment by buying 2,406 shares an increase of 213.3% as of 06/30/2017. Ubs Group Ag claims 3,534 shares worth $3,000. The total value of its holdings increased 200.0%.
As of the end of the quarter Citadel Advisors LLC had acquired a total of 2,467 shares growing its stake by 22.2%. The value of the company’s investment in Applnc Rcycl Ct Amer increased from $9,000 to $14,000 a change of 55.6% quarter over quarter. Renaissance Technologies LLC bolstered its ownership by buying 85,100 shares an increase of 41.5% from 06/30/2017 to 09/30/2017. Renaissance Technologies LLC controls 290,000 shares valued at $299,000. The value of the position overall is up by 84.6%.
The company is so far trading up by 1.73% percent from yesterday’s close. The P/E ratio is 1.31 and the market cap of the company is 7.34M. As of the latest earnings report the EPS was $0.82 with 6.88M shares currently outstanding.
Appliance Recycling Centers of America, Inc., launched on June 27, 1983, is involved in the business of selling and recycling household appliances in North America. The Company has two segments: recycling and retail. The Company sells household appliances in the United States though its chain of Company-owned retail stores, operating under the name ApplianceSmart. ApplianceSmart operates 18 stores, which include six in the Minneapolis/St. Paul market; a store in Rochester, Minnesota; a store in St. Cloud, Minnesota; four in the Columbus, Ohio market; four in the Atlanta, Georgia market, and two in the San Antonio, Texas market. Its recycling segment focuses on collecting, recycling and installing appliances for utilities and other customers. Its recycling segment also focuses on the agreement with General Electric (GE). GE sells its recyclable appliances in certain regions of the United States to the Company, and the Company collects, processes and recycles the appliances. These appliances include units manufactured by GE, as well as by other manufacturers. The Business’s retail segment focuses on the sale of appliances through ApplianceSmart stores..