Short Interest in Apollo Global Management Drops By 83.2% (APO)
Apollo Global Management (NYSE:APO) saw a large drop in short interest in June. As of June 13th, there was short interest totalling 1,739,815 shares, a drop of 83.2% from the May 30th total of 10,326,218 shares, Stock Ratings Network reports. Currently, 1.2% of the company’s stock are sold short. Based on an average trading volume of 1,444,945 shares, the short-interest ratio is presently 1.2 days.
Several analysts have recently commented on the stock. Analysts at TheStreet downgraded shares of Apollo Global Management to a “sell” rating in a research note on Thursday, May 29th. Separately, analysts at Keefe, Bruyette & Woods cut their price target on shares of Apollo Global Management from $38.00 to $33.00 in a research note on Tuesday, May 13th. Finally, analysts at Goldman Sachs downgraded shares of Apollo Global Management from a “buy” rating to a “neutral” rating in a research note on Monday, May 12th. One research analyst has rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $35.21.
Shares of Apollo Global Management (NYSE:APO) opened at 27.50 on Tuesday. Apollo Global Management has a 52-week low of $23.39 and a 52-week high of $36.51. The stock has a 50-day moving average of $26.49 and a 200-day moving average of $29.83. The company has a market cap of $4.100 billion and a P/E ratio of 9.89.
Apollo Global Management (NYSE:APO) last announced its earnings results on Thursday, May 8th. The company reported $0.55 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.59 by $0.04. The company had revenue of $491.40 million for the quarter, compared to the consensus estimate of $525.05 million. During the same quarter in the prior year, the company posted $1.89 earnings per share. The company’s quarterly revenue was down 62.5% on a year-over-year basis. Analysts expect that Apollo Global Management will post $2.65 EPS for the current fiscal year.
Apollo Global Management, LLC (NYSE:APO) is a global alternative asset manager.
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