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APi Group's short interest surged 48%, raising concerns despite meeting Q3 earnings estimates.
APi Group Co. (NYSE:APG) saw short interest rise by 48.0% in October to 5.12 million shares, with a days-to-cover ratio of 3.4 days.
The company reported Q3 earnings of $0.51 per share, meeting estimates, with revenue at $1.83 billion.
Analysts have mixed ratings, with a consensus of "Moderate Buy" and a target price of $44.00.
Insiders have sold 249,461 shares over the last 90 days, and institutions own 86.62% of the stock.
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El corto interés de APi Group aumentó un 48%, lo que suscitó preocupación a pesar de cumplir con las estimaciones de ganancias del tercer trimestre.