What Next for Aegion Corp – Class A (NASDAQ:AEGN) Stock After Increase in Shorted Shares?

Aegion Corporation (NASDAQ:AEGN) Logo

Investors sentiment increased to 1.08 in 2019 Q1. Its up 0.17, from 0.91 in 2018Q4. It improved, as 9 investors sold Aegion Corporation shares while 41 reduced holdings. 17 funds opened positions while 37 raised stakes. 29.81 million shares or 1.64% less from 30.30 million shares in 2018Q4 were reported.
Parkside Bankshares Trust holds 0.01% in Aegion Corporation (NASDAQ:AEGN) or 1,262 shares. Thrivent Fincl For Lutherans invested in 130,514 shares. Moreover, Louisiana State Employees Retirement System has 0.01% invested in Aegion Corporation (NASDAQ:AEGN). Mirae Asset Global Invs invested 0% of its portfolio in Aegion Corporation (NASDAQ:AEGN). Riverhead Cap Ltd Company stated it has 0% of its portfolio in Aegion Corporation (NASDAQ:AEGN). Teachers Retirement Of The State Of Kentucky has invested 0% in Aegion Corporation (NASDAQ:AEGN). Thompson Rubinstein Investment Mgmt Or owns 1.44% invested in Aegion Corporation (NASDAQ:AEGN) for 254,242 shares. South Dakota Investment Council invested in 0.01% or 23,210 shares. Howe & Rusling owns 9,558 shares for 0.03% of their portfolio. Alliancebernstein L P has 0% invested in Aegion Corporation (NASDAQ:AEGN) for 53,220 shares. Boston Ptnrs reported 1.22 million shares. Royal Commercial Bank Of Canada stated it has 0% in Aegion Corporation (NASDAQ:AEGN). Bridgeway Cap Mgmt invested 0.04% in Aegion Corporation (NASDAQ:AEGN). Blackrock, New York-based fund reported 4.85 million shares. Zurcher Kantonalbank (Zurich Cantonalbank) holds 2,060 shares.

The stock of Aegion Corp – Class A (NASDAQ:AEGN) registered an increase of 9.43% in short interest. AEGN’s total short interest was 1.32 million shares in July as published by FINRA. Its up 9.43% from 1.21 million shares, reported previously. With 103,600 shares average volume, it will take short sellers 13 days to cover their AEGN’s short positions. The short interest to Aegion Corp – Class A’s float is 4.21%.

The stock increased 1.36% or $0.24 during the last trading session, reaching $17.92. About 108,637 shares traded. Aegion Corporation (NASDAQ:AEGN) has declined 36.67% since July 14, 2018 and is downtrending. It has underperformed by 41.10% the S&P500.

Aegion Corporation provides technologies to maintain, rehabilitate, and strengthen infrastructure worldwide. The company has market cap of $561.66 million. It operates through three divisions: Infrastructure Solutions, Corrosion Protection, and Energy Services. It has a 746.67 P/E ratio. The firm offers various solutions for rehabilitating and maintaining aging or deteriorating infrastructure; protecting new infrastructure from corrosion; and providing integrated professional services in engineering, procurement, construction, maintenance, and turnaround services for oil companies.

Aegion Corporation (NASDAQ:AEGN) Ratings Coverage

Among 2 analysts covering Aegion (NASDAQ:AEGN), 0 have Buy rating, 0 Sell and 2 Hold. Therefore 0 are positive. Aegion had 6 analyst reports since February 24, 2019 according to SRatingsIntel. The firm has “Hold” rating given on Thursday, February 28 by Canaccord Genuity. The firm has “Hold” rating given on Thursday, February 28 by Maxim Group.

More notable recent Aegion Corporation (NASDAQ:AEGN) news were published by: Streetinsider.com which released: “Aegion (AEGN) Secures $5.1M Wastewater Rehabilitation Project for Metropolitan St. Louis Sewer District – StreetInsider.com” on June 18, 2019, also Globenewswire.com with their article: “Aegion Corporation Reports 2018 Third Quarter Financial Results – GlobeNewswire” published on October 30, 2018, Finance.Yahoo.com published: “Is Aegean Airlines S.A. (ATH:AEGN) Potentially Underrated? – Yahoo Finance” on May 30, 2019. More interesting news about Aegion Corporation (NASDAQ:AEGN) were released by: Streetinsider.com and their article: “Form 8-K/A Aegion Corp For: Jun 18 – StreetInsider.com” published on June 18, 2019 as well as Zacks.com‘s news article titled: “Aegion (AEGN) Q4 Earnings Meet, Revenues Beat Estimates – Zacks.com” with publication date: February 28, 2019.

Aegion Corporation (NASDAQ:AEGN) Ratings Chart

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