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.

November 16, 2024
3 Articles

Further Reading