Economy

Rite Aid Corporation (NYSE:RAD) Short Interest Up 8.8% in August

Rite Aid Corporation (NYSE:RAD) Short Interest Up 8.8% in August”

The stock increased 5.20% or $0.13 during the last trading session, reaching $2.63. Blackrock Japan, Japan-based fund reported 1.41 million shares. Ophthotech Corp (NASDAQ:OPHT) has declined 94.82% since September 17, 2016 and is downtrending. It has underperformed by 8.81% the S&P500. FMR LLC now owns 29,123,366 shares of the company's stock valued at $85,914,000 after purchasing an additional 19,542,772 shares during the period.

The stock of Rite Aid Corporation (NYSE:RAD) is a huge mover today! The stock increased 0.68% or $0.1 on September 15, reaching $14.8. About 59.84M shares traded or 233.93% up from the average.

Investors sentiment decreased to 0.78 in Q4 2016. Its down 0.46, from 1.15 in 2016Q3. 38 funds opened positions while 130 raised stakes. United Ser Automobile Association holds 54,691 shares or 0% of its portfolio. It improved, as 28 investors sold MKL shares while 126 reduced holdings. Nadler Gru Inc reported 0.03% stake. Federated Pa invested in 1 shares or 0% of the stock. Havens Limited Com holds 1.33M shares or 7.32% of its portfolio. Citadel Ltd Company accumulated 81,266 shares. Deutsche Savings Bank Ag reported 20,755 shares stake. Canada Pension Plan Investment Board holds 0% of its portfolio in Ophthotech Corp (NASDAQ:OPHT) for 26,500 shares. Walleye Trading Limited Liability Com has 133,971 shares. Sei Invests holds 211,684 shares. Susquehanna Grp Inc Llp stated it has 0% in Ophthotech Corp (NASDAQ:OPHT). It also upped Camden Natl Corp (NASDAQ:CAC) stake by 56,200 shares and now owns 76,200 shares.

Analysts await Ophthotech Corp (NASDAQ:OPHT) to report earnings on November, 14. During the same quarter in the previous year, the firm earned $0.02 earnings per share. OPHT's profit will be $154.92M for 0.15 P/E if the $4.31 EPS becomes a reality. The company reported ($0.05) earnings per share for the quarter, missing analysts' consensus estimates of ($0.01) by ($0.04).

Since May 15, 2017, it had 0 insider purchases, and 3 insider sales for $1.00 million activity. Two analysts have rated the stock with a sell rating, five have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Therefore 63% are positive. NXP Semiconductors NV had 51 analyst reports since August 3, 2015 according to SRatingsIntel. The company was downgraded on Friday, November 13 by JP Morgan. Rite Aid Corporation presently has an average rating of "Hold" and a consensus target price of $4.28. The stock witnessed 15.35% gains, -12.33% declines and -45.77% declines for the 1-month, 3-month and 6-month period, respectively. The rating was upgraded by CLSA on Monday, August 10 to "Underperform". The rating was downgraded by Vetr to "Buy" on Thursday, August 6. The stock has "Neutral" rating by Credit Suisse on Thursday, October 29. The company was maintained on Monday, September 11 by Jefferies.

More notable recent Rite Aid Corporation (NYSE:RAD) news were published by: Businesswire.com which released: "Rite Aid Corporation Announces Leadership Changes" on September 06, 2017, also Investorplace.com with their article: "Rite Aid Corporation (RAD) Stock Can't Beat This Retail Alternative" published on September 08, 2017, Seekingalpha.com published: "Is It The Right Time For Rite Aid?" on September 01, 2017. The stock of Rite Aid Corporation (NYSE:RAD) earned "Buy" rating by Bank of America on Thursday, August 13.

Maltese Capital Management Llc decreased Si Finl Group Inc Md (SIFI) stake by 19.09% reported in 2016Q4 SEC filing.

Investors sentiment decreased to 1.16 in 2016 Q4. Its up 0.33, from 0.76 in 2016Q3. (NASDAQ:SIFI). State Common Retirement Fund holds 0% or 11,500 shares in its portfolio. 39 funds opened positions while 128 raised stakes. 598.79 million shares or 0.81% more from 593.98 million shares in 2016Q3 were reported. Longfellow Invest Mgmt Limited Liability Company accumulated 900,000 shares or 2.93% of the stock. Bessemer Group holds 8,200 shares. Harvest Mgmt reported 315,000 shares stake. As of quarter end Mark Sheptoff Financial Planning, LLC had acquired 4,199 shares growing its holdings by 1.4%. Tci Wealth stated it has 3,678 shares.

Rite Aid Corporation (NYSE:RAD) had a decrease of 1.17% in short interest. It dropped, as 67 investors sold Rite Aid Corporation shares while 114 reduced holdings. Pinnacle Associates Ltd. raised its position in shares of Rite Aid Corporation by 28.6% in the first quarter. Gulf International Bank (Uk) holds 0.04% or 330,100 shares in its portfolio. Next Financial reported 36,900 shares. Td Asset Mngmt invested in 61,243 shares or 0% of the stock. Squarepoint Ops LLC claims 419,829 shares with a value of $1,238,000. BlackRock Inc. raised its stake in Rite Aid Corporation by 4,995.0% during the 1st quarter. Finally, Zacks Investment Research cut shares of Rite Aid Corporation from a "hold" rating to a "strong sell" rating in a report on Tuesday, July 4th. Therefore 17% are positive. The business's revenue for the quarter was down 4.9% on a year-over-year basis. Guggenheim restated a "neutral" rating on shares of Rite Aid Corporation in a research note on Monday, July 3rd. The company was downgraded on Thursday, July 20 by Mizuho. Vetr downgraded Rite Aid Corporation (NYSE:RAD) on Thursday, August 6 to "Buy" rating. After having $-0.05 EPS previously, Rite Aid Corporation's analysts see -80.00% EPS growth. Rite Aid Corporation (NYSE:RAD) has declined 55.18% since September 17, 2016 and is downtrending. The Firm operates under The Rite Aid name. The firm earned "Hold" rating on Wednesday, January 6 by Evercore. Vetr has "Buy" rating and $10.14 target. Evercore ISI began coverage on shares of Rite Aid Corporation in a research report on Friday, June 30th.



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