Apartment Investment and Management (NYSE:AIV) Short Interest Up 63.0% in January

Apartment Investment and Management (NYSE:AIV - Get Free Report) saw a large growth in short interest in the month of January. As of January 31st, there was short interest totalling 4,400,000 shares, a growth of 63.0% from the January 15th total of 2,700,000 shares. Currently, 3.4% of the company's shares are sold short. Based on an average daily trading volume, of 1,050,000 shares, the days-to-cover ratio is currently 4.2 days.

Apartment Investment and Management Trading Up 0.6 %

Shares of AIV stock traded up $0.06 during trading hours on Wednesday, hitting $8.96. 1,207,420 shares of the company were exchanged, compared to its average volume of 1,266,635. The firm has a fifty day moving average of $8.79 and a 200 day moving average of $8.81. Apartment Investment and Management has a 1 year low of $7.06 and a 1 year high of $9.48. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 4.28. The firm has a market cap of $1.27 billion, a PE ratio of -5.18 and a beta of 1.38.

Apartment Investment and Management Announces Dividend

The firm also recently declared a special dividend, which was paid on Friday, January 31st. Investors of record on Tuesday, January 14th were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Tuesday, January 14th.

Hedge Funds Weigh In On Apartment Investment and Management

Institutional investors and hedge funds have recently bought and sold shares of the stock. The Manufacturers Life Insurance Company raised its holdings in Apartment Investment and Management by 2.2% in the second quarter. The Manufacturers Life Insurance Company now owns 72,999 shares of the real estate investment trust's stock valued at $605,000 after acquiring an additional 1,541 shares in the last quarter. Inspire Investing LLC bought a new position in shares of Apartment Investment and Management in the third quarter worth $411,000. Mirae Asset Global Investments Co. Ltd. boosted its stake in Apartment Investment and Management by 34.8% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,059 shares of the real estate investment trust's stock valued at $46,000 after purchasing an additional 1,305 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in shares of Apartment Investment and Management by 357.8% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 207,939 shares of the real estate investment trust's stock valued at $1,880,000 after purchasing an additional 162,518 shares in the last quarter. Finally, abrdn plc boosted its position in shares of Apartment Investment and Management by 10.5% in the 3rd quarter. abrdn plc now owns 28,757 shares of the real estate investment trust's stock valued at $260,000 after purchasing an additional 2,744 shares during the period. Hedge funds and other institutional investors own 83.26% of the company's stock.

About Apartment Investment and Management

Apartment Investment & Management Co operates as a real estate investment trust that engages in the acquisition, ownership, management and redevelopment of apartment properties. The company was founded in 1975 and is headquartered in Denver, CO.