Genesee Valley Trust Company Boosted Its Adobe Sys (ADBE) Position; Ardmore Shipping (ASC) Shorts Decreased By 2.33%

Ardmore Shipping Corporation (NYSE:ASC) Logo

Ardmore Shipping Corporation (NYSE:ASC) had a decrease of 2.33% in short interest. ASC’s SI was 930,900 shares in June as released by FINRA. Its down 2.33% from 953,100 shares previously. With 171,800 avg volume, 5 days are for Ardmore Shipping Corporation (NYSE:ASC)’s short sellers to cover ASC’s short positions. The stock decreased 3.85% or $0.3 during the last trading session, reaching $7.5. About 311,910 shares traded or 73.30% up from the average. Ardmore Shipping Corporation (NYSE:ASC) has risen 8.05% since June 13, 2017 and is uptrending. It has underperformed by 4.52% the S&P500. Some Historical ASC News: ; 02/05/2018 – Ardmore Shipping 1Q Loss/Shr 16c; 23/05/2018 – Ardmore Shipping Closes Below 50-Day Moving Average: Technicals; 27/03/2018 – Ardmore Shipping Presenting at Conference Apr 20; 02/05/2018 – Ardmore Shipping Corporation Announces Financial Results For The Three Months Ended March 31, 2018; 11/04/2018 – Ardmore Shipping Closes Above 200-Day Moving Average; 06/04/2018 – S&PGR Rates Irish RMBS Deal Ardmore Securities No. 1; 06/03/2018 Reminder – Product Tanker & Crude Oil Tanker Sector Panel Discussions With Major Company Executives; 02/05/2018 – Ardmore Shipping 1Q Rev $50.5M; 09/04/2018 – Lisa Vanderpump to Sign Bottles of Signature Rosé at Fine Wine & Good Spirits Premium Collection Store in Ardmore, Montgomery County; 17/05/2018 – CENTREX METALS – SIGNED NON-BINDING MOU WITH GUJARAT STATE FERTILISERS & CHEMICALS FOR SUPPLY OF PRODUCT FROM ARDMORE PHOSPHATE ROCK PROJECT

Genesee Valley Trust Company increased Adobe Sys Inc. (ADBE) stake by 7.84% reported in 2018Q1 SEC filing. Genesee Valley Trust Company acquired 1,481 shares as Adobe Sys Inc. (ADBE)’s stock rose 14.81%. The Genesee Valley Trust Company holds 20,364 shares with $4.26 million value, up from 18,883 last quarter. Adobe Sys Inc. now has $124.39B valuation. The stock increased 0.63% or $1.59 during the last trading session, reaching $252.59. About 3.10M shares traded or 3.22% up from the average. Adobe Systems Incorporated (NASDAQ:ADBE) has risen 70.50% since June 13, 2017 and is uptrending. It has outperformed by 57.93% the S&P500. Some Historical ADBE News: ; 15/05/2018 – Adobe Accelerates Experience Design Growth With Starter Plan for Adobe XD; 21/05/2018 – ADOBE SYSTEMS INC – DEAL FOR FOR $1.68 BLN; 12/03/2018 – PCM Named Adobe 2017 Americas Partner of the Year; 28/03/2018 – Adobe and NVIDIA Announce Partnership to Deliver New Al Services for Creativity and Digital Experiences; 27/03/2018 – SMITH’s ACT for Adobe Experience Manager Makes Life Easier for Marketers; 28/03/2018 – Adobe Steps Up AI-Powered Marketing to Take on Rivals (Correct); 13/03/2018 – lnvoca Becomes Premier Level Partner In Adobe Exchange Partner Program; 05/04/2018 – ADOBE SYSTEMS INC – MURPHY WILL ASSUME CFO ROLE FROM ADOBE EVP AND CFO MARK GARRETT; 29/03/2018 – ADOBE GROWS ADVERTISING TECH BUSINESS WITH NBCUNIVERSAL PACT; 15/03/2018 – Adobe Systems 2Q Adj EPS $1.55

Ardmore Shipping Corporation, together with its subsidiaries, engages in the seaborne transportation of petroleum products and chemicals through product and chemical tankers worldwide. The company has market cap of $243.34 million. As of December 31, 2016, the firm operated 27 vessels. It currently has negative earnings. It serves oil majors, oil companies, oil and chemical traders, and chemical companies.

Among 8 analysts covering Ardmore Shipping Corporation (NYSE:ASC), 6 have Buy rating, 0 Sell and 2 Hold. Therefore 75% are positive. Ardmore Shipping Corporation has $16 highest and $9.0 lowest target. $12.14’s average target is 61.87% above currents $7.5 stock price. Ardmore Shipping Corporation had 22 analyst reports since October 29, 2015 according to SRatingsIntel. JP Morgan maintained Ardmore Shipping Corporation (NYSE:ASC) on Friday, March 23 with “Overweight” rating. Jefferies initiated the stock with “Buy” rating in Monday, December 18 report. Stifel Nicolaus maintained the stock with “Buy” rating in Friday, July 7 report. On Monday, September 11 the stock rating was maintained by Jefferies with “Buy”. The company was maintained on Wednesday, January 24 by Stifel Nicolaus. On Tuesday, December 15 the stock rating was initiated by Deutsche Bank with “Buy”. Seaport Global upgraded the shares of ASC in report on Thursday, November 5 to “Speculative Buy” rating. Stifel Nicolaus maintained Ardmore Shipping Corporation (NYSE:ASC) on Monday, August 28 with “Buy” rating. The stock has “Hold” rating by ABN Amro on Friday, July 1. The firm has “Buy” rating by Seaport Global given on Thursday, January 4.

Since December 13, 2017, it had 1 buying transaction, and 16 sales for $87.43 million activity. The insider LAMKIN BRYAN sold 30,000 shares worth $5.97M. DILLON MICHAEL A sold $1.26 million worth of stock or 6,376 shares. $3.97M worth of stock was sold by GESCHKE CHARLES M on Wednesday, January 10. On Wednesday, April 18 Lewnes Ann sold $680,503 worth of Adobe Systems Incorporated (NASDAQ:ADBE) or 2,937 shares. THOMPSON MATTHEW sold $10.16 million worth of Adobe Systems Incorporated (NASDAQ:ADBE) on Friday, January 26. 14,000 shares were sold by WARNOCK JOHN E, worth $3.03 million. Shares for $199,520 were bought by Banse Amy.

More notable recent Adobe Systems Incorporated (NASDAQ:ADBE) news were published by: Seekingalpha.com which released: “Will Adobe Pop After Earnings?” on June 13, 2018, also Seekingalpha.com with their article: “Adobe: Buying Ahead Of Earnings” published on June 07, 2018, Fool.com published: “Why Adobe Systems Stock Jumped 12.5% in May” on June 11, 2018. More interesting news about Adobe Systems Incorporated (NASDAQ:ADBE) were released by: Seekingalpha.com and their article: “SAP unveils new bundled product, announces acquisition” published on June 05, 2018 as well as Investorplace.com‘s news article titled: “The Top 20 Stocks of 2018” with publication date: June 12, 2018.

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