AMREP Co. ( NYSE:AXR – Get Rating ) was the target of a large decrease in short interest in May. As of May 15th, there was short interest totalling 16,500 shares, a decrease of 5.7% from the April 30th total of 17,500 shares. Approximately 0.6% of the shares of the stock are short sold. Based on an average trading volume of 7,000 shares, the days-to-cover ratio is currently 2.4 days. Institutional Investors Weigh In On AMREP Several hedge funds and other institutional investors have recently made changes to their positions in AXR.

https://www.dailypolitical.com/2023/05/31/amrep-co-nyseaxr-short-interest-down-5-7-in-may.html

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