Short Interest in Alexander’s, Inc. (NYSE:ALX) Grows By 20.2%

Alexander’s, Inc. (NYSE:ALX) saw a significant increase in short interest in the month of December. As of December 31st, there was short interest totalling 33,900 shares, an increase of 20.2% from the December 15th total of 28,200 shares. Currently, 1.6% of the company’s shares are sold short. Based on an average daily trading volume, of 17,900 shares, the short-interest ratio is currently 1.9 days.

Several hedge funds have recently modified their holdings of ALX. First Trust Advisors LP increased its stake in shares of Alexander’s by 180.2% in the first quarter. First Trust Advisors LP now owns 1,880 shares of the real estate investment trust’s stock valued at $707,000 after buying an additional 1,209 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Alexander’s by 95.1% in the second quarter. JPMorgan Chase & Co. now owns 5,295 shares of the real estate investment trust’s stock valued at $1,955,000 after buying an additional 2,581 shares during the period. Bank of Montreal Can acquired a new stake in shares of Alexander’s in the second quarter valued at about $66,000. Charles Schwab Investment Management Inc. increased its stake in shares of Alexander’s by 1.3% in the second quarter. Charles Schwab Investment Management Inc. now owns 18,819 shares of the real estate investment trust’s stock valued at $6,969,000 after buying an additional 247 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in shares of Alexander’s by 6.9% in the second quarter. Bank of New York Mellon Corp now owns 24,856 shares of the real estate investment trust’s stock valued at $9,204,000 after buying an additional 1,609 shares during the period. 34.11% of the stock is owned by institutional investors.

Shares of ALX stock opened at $344.88 on Wednesday. The stock has a market cap of $1.71 billion, a price-to-earnings ratio of 17.28 and a beta of 0.36. The stock has a 50-day moving average of $326.90 and a 200-day moving average of $349.25. The company has a current ratio of 12.91, a quick ratio of 12.91 and a debt-to-equity ratio of 3.70. Alexander’s has a 1-year low of $309.51 and a 1-year high of $394.70.

About Alexander’s

Alexander’s, Inc is a real estate investment trust, which engages in leasing, managing, development and redeveloping its properties. Its operating properties are located in the greater New York City metropolitan area. The company was founded on May 16, 1955 and is headquartered in Paramus, NJ.

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