Adams Resources & Energy Inc (NYSEAMERICAN:AE) Short Interest Down 92.5% in July

Adams Resources & Energy Inc (NYSEAMERICAN:AE) was the target of a large drop in short interest during the month of July. As of July 15th, there was short interest totalling 3,700 shares, a drop of 92.5% from the June 15th total of 49,500 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average daily volume of 13,700 shares, the days-to-cover ratio is currently 0.3 days.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Prudential Financial Inc. grew its position in Adams Resources & Energy by 3.0% during the fourth quarter. Prudential Financial Inc. now owns 15,019 shares of the energy company’s stock worth $581,000 after buying an additional 431 shares during the period. BlackRock Inc. raised its position in shares of Adams Resources & Energy by 1.7% during the 4th quarter. BlackRock Inc. now owns 178,904 shares of the energy company’s stock valued at $6,925,000 after buying an additional 2,929 shares during the period. Bank of New York Mellon Corp raised its position in shares of Adams Resources & Energy by 11.1% during the 4th quarter. Bank of New York Mellon Corp now owns 25,028 shares of the energy company’s stock valued at $969,000 after buying an additional 2,502 shares during the period. Geode Capital Management LLC raised its position in shares of Adams Resources & Energy by 7.5% during the 4th quarter. Geode Capital Management LLC now owns 24,934 shares of the energy company’s stock valued at $965,000 after buying an additional 1,745 shares during the period. Finally, FMR LLC raised its position in shares of Adams Resources & Energy by 1.6% during the 4th quarter. FMR LLC now owns 193,569 shares of the energy company’s stock valued at $7,493,000 after buying an additional 2,998 shares during the period.

Shares of AE traded down $0.26 during midday trading on Friday, reaching $32.28. 3,114 shares of the stock were exchanged, compared to its average volume of 8,149. Adams Resources & Energy has a twelve month low of $31.16 and a twelve month high of $46.84.

Adams Resources & Energy (NYSEAMERICAN:AE) last posted its earnings results on Wednesday, May 8th. The energy company reported $0.20 earnings per share for the quarter. The firm had revenue of $445.17 million for the quarter.

About Adams Resources & Energy

Adams Resources & Energy, Inc, through its subsidiaries, primarily engages in the marketing, transportation, and storage of crude oil in the United States. The company operates in two segments, Crude Oil Marketing, Transportation and Storage; and Tank Truck Transportation of Liquid Chemicals and Dry Bulk.

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