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First Week of AXL June 15th Options Trading
Tuesday, April 24, 10:57 AM ET, by Market News Video Staff

Investors in American Axle & Manufacturing Holdings Inc (AXL) saw new options begin trading this ...

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Short Interest Falls 36.4% For AXL
Thursday, May 10, 3:52 PM ET, by Market News Video Staff

The most recent short interest data has been released for the 04/30/2018 settlement date, which ...

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Short Interest In American Axle & Manufacturing Holdings Moves 16.4% Lower

By Market News Video Staff, Friday, November 10, 3:23 PM ET
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The most recent short interest data has been released for the 10/31/2017 settlement date, which shows a 2,309,588 share decrease in total short interest for American Axle & Manufacturing Holdings Inc (NYSE:AXL), to 11,813,449, a decrease of 16.35% since 10/13/2017. Total short interest is just one way to look at short data; another metric that we here at Dividend Channel find particularly useful is the "days to cover" metric because it considers both the total shares short and the average daily volume of shares traded. The number of shares short is then compared to the average daily volume, in order to calculate the total number of trading days (at the average volume) it would take to close out all of the open short positions if every share traded represented a short position being closed. Average daily volume for AXL at the 10/31/2017 settlement increased to 1,543,633, as compared to 1,459,996 at the 10/13/2017 report. That brought "days to cover" down to 7.65, a 20.89% decrease from the 9.67 days to cover calculated at the previous short interest data release.

The below chart shows the historical "days to cover" for AXL at previous short interest release dates:

A decreased "days to cover" value could indicate that short sellers are no longer expecting the same decline in stock price they once were, or it could also indicate a long bet elsewhere was closed where AXL had been shorted as a hedge.

The chart below shows the one year performance of AXL shares, versus its 200 day moving average. Looking at this chart, AXL's low point in its 52 week range is $12.61 per share, with $21.25 as the 52 week high point that compares with a last trade of $17.41.

American Axle & Manufacturing Holdings Inc Chart

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