Apartment Investment and Management Sees Decline in Short Interest

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Apartment Investment and Management Company (NYSE:AIV), a real estate investment trust focused on multifamily properties, saw a significant 13.4% decline in short interest during March. As of March 13th, 2.1% of the company's shares were sold short, down from 3.4% at the end of February.

Why it matters

The drop in short interest could signal that some investors are becoming more bullish on Aimco's prospects, even as the company's stock price has fallen over 50% in the past year amid broader market volatility.

The details

Aimco reported that short interest in its shares fell to 2,915,443 as of March 13th, down from 3,366,174 shares at the end of February. The days-to-cover ratio, which measures the number of days it would take to cover all the short positions, is currently 1.0 days based on the stock's average daily trading volume.

• As of March 13th, 2023, Aimco had 2,915,443 shares sold short.
• On February 26th, 2023, Aimco had 3,366,174 shares sold short.

What’s next

Aimco is scheduled to report its first quarter 2023 financial results in early May. Investors will be watching to see if the decline in short interest continues and whether the company provides an optimistic outlook for the year ahead.