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Astec Industries Inc (NASDAQ:ASTE) Shorted Shares Increased By 8.49%

Astec Industries, Inc. (NASDAQ:ASTE) Logo

Investors sentiment increased to 1.23 in 2018 Q2. Its up 0.14, from 1.09 in 2018Q1. It improved, as 13 investors sold Astec Industries, Inc. shares while 48 reduced holdings. 19 funds opened positions while 56 raised stakes. 20.89 million shares or 1.41% more from 20.60 million shares in 2018Q1 were reported.
Teacher Retirement Systems Of Texas owns 4,207 shares. Ny State Teachers Retirement System accumulated 60,259 shares or 0.01% of the stock. Great West Life Assurance Company Can accumulated 0.02% or 140,928 shares. Swiss Bancshares invested in 36,200 shares or 0% of the stock. Ftb accumulated 300 shares or 0% of the stock. Granite Invest Prtnrs Limited Liability stated it has 0.98% in Astec Industries, Inc. (NASDAQ:ASTE). Moreover, State Street has 0% invested in Astec Industries, Inc. (NASDAQ:ASTE) for 577,643 shares. Wells Fargo Co Mn holds 36,515 shares. Advisory Serv Ntwk Limited Liability invested 0% of its portfolio in Astec Industries, Inc. (NASDAQ:ASTE). Nj State Employees Deferred Compensation Plan has invested 0.18% in Astec Industries, Inc. (NASDAQ:ASTE). Stifel Financial Corporation has invested 0.15% in Astec Industries, Inc. (NASDAQ:ASTE). Manufacturers Life The holds 16,861 shares. Commonwealth Of Pennsylvania Pub School Empls Retrmt accumulated 0% or 4,053 shares. Suntrust Banks Incorporated invested 0.01% in Astec Industries, Inc. (NASDAQ:ASTE). Phocas owns 155,087 shares for 0.8% of their portfolio.

The stock of Astec Industries Inc (NASDAQ:ASTE) registered an increase of 8.49% in short interest. ASTE’s total short interest was 1.28M shares in November as published by FINRA. Its up 8.49% from 1.18 million shares, reported previously. With 121,200 shares average volume, it will take short sellers 11 days to cover their ASTE’s short positions. The short interest to Astec Industries Inc’s float is 5.64%.

The stock decreased 3.10% or $1.17 during the last trading session, reaching $36.52. About 493,443 shares traded or 107.32% up from the average. Astec Industries, Inc. (NASDAQ:ASTE) has risen 0.97% since November 10, 2017 and is uptrending. It has underperformed by 14.65% the S&P500.

Astec Industries, Inc. designs, engineers, makes, and markets equipment and components primarily for the road building, aggregate processing, geothermal, water, gas and oil, and wood processing industries in the United States and internationally. The company has market cap of $832.57 million. The Company’s Infrastructure Group segment offers asphalt and wood pellet plants, and related components; asphalt pavers, screeds, milling machines, material transfer vehicles, stabilizers, and related ancillary equipment; and commercial pavers. It currently has negative earnings. The companyÂ’s Aggregate and Mining Group segment provides aggregate processing and mining equipment; crushers, portable plants, sand classifying and washing equipment, and conveying equipment; mobile screening plants, portable and stationary structures, and vibrating screens; aggregate and ore processing equipment; rock breaking systems, processing equipment, and utility vehicles; and bulk material handling systems and minerals processing equipment.

Astec Industries, Inc. (NASDAQ:ASTE) Ratings Coverage

Among 2 analysts covering Astec Industries (NASDAQ:ASTE), 0 have Buy rating, 0 Sell and 2 Hold. Therefore 0 are positive. Astec Industries has $63 highest and $53 lowest target. $58’s average target is 58.82% above currents $36.52 stock price. Astec Industries had 3 analyst reports since July 25, 2018 according to SRatingsIntel. The stock has “Neutral” rating by Robert W. Baird on Wednesday, July 25. The stock has “Buy” rating by Stifel Nicolaus on Wednesday, July 25. As per Wednesday, October 24, the company rating was downgraded by Stifel Nicolaus.

More notable recent Astec Industries, Inc. (NASDAQ:ASTE) news were published by: Seekingalpha.com which released: “Astec Industries slides post Q3 earnings miss” on October 23, 2018, also Globenewswire.com with their article: “Astec Industries Appoints Brad Southern to Board of Directors” published on October 29, 2018, Nasdaq.com published: “Mid-Day Market Update: Astec Industries Drops Following Q3 Results; Correvio Pharma Shares Climb” on October 23, 2018. More interesting news about Astec Industries, Inc. (NASDAQ:ASTE) were released by: Globenewswire.com and their article: “Astec Industries, Inc. to Attend Baird’s 2018 Global Industrial Conference” published on November 02, 2018 as well as Nasdaq.com‘s news article titled: “Astec Industries, Inc. (NASDAQ: ASTE) Announces the Company’s Third Quarter Conference Call October 23, 2018 at …” with publication date: October 16, 2018.

Astec Industries, Inc. (NASDAQ:ASTE) Institutional Positions Chart

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