Short Interest Watching: What Next for Acme United Corporation (NYSEMKT:ACU) Stock After Decrease in Shorted Shares?

November 23, 2016 - By Pete Kolinski   ·   0 Comments

Short Interest Watching: What Next for Acme United Corporation (NYSEMKT:ACU) Stock After Decrease in Shorted Shares?

The stock of Acme United Corporation (NYSEMKT:ACU) registered a decrease of 55.56% in short interest. ACU’s total short interest was 2,000 shares in November as published by FINRA. Its down 55.56% from 4,500 shares, reported previously. With 1,900 shares average volume, it will take short sellers 1 days to cover their ACU’s short positions. The short interest to Acme United Corporation’s float is 0.08%. About 500 shares traded hands. Acme United Corporation (NYSEMKT:ACU) has risen 35.62% since April 21, 2016 and is uptrending. It has outperformed by 30.29% the S&P500.

Acme United Corporation is a supplier of cutting, measuring, first aid and sharpening products to the school, home, office, hardware, sporting goods and industrial markets. The company has a market cap of $73.42 million. The Firm operates in three divisions: United States , Canada and Europe. It has a 13.64 P/E ratio. The Company’s activities in the United States, Canada and Europe are involved in product development, marketing, sales, administrative and distribution activities.

Insitutional Activity: The institutional sentiment decreased to 0.85 in Q2 2016. Its down 0.40, from 1.25 in 2016Q1. The ratio is negative, as 2 funds sold all Acme United Corporation shares owned while 6 reduced positions. 1 funds bought stakes while 9 increased positions. They now own 1.49 million shares or 51.56% less from 3.07 million shares in 2016Q1.
Moors & Cabot has 0.12% invested in the company for 37,614 shares. First Wilshire Secs Mngmt holds 110,751 shares or 0.65% of its portfolio. Blackrock Fund holds 683 shares or 0% of its portfolio. First Manhattan Com has 0% invested in the company for 13,224 shares. Nationwide Fund Advsrs has 0% invested in the company for 200 shares. Earnest Prtnrs Ltd Limited Liability Company holds 800 shares or 0% of its portfolio. Brown Brothers Harriman And owns 100 shares or 0% of their US portfolio. Renaissance Ltd Llc reported 101,700 shares or 0% of all its holdings. James Research accumulated 2,465 shares or 0% of the stock. Vanguard Gp Inc holds 65,167 shares or 0% of its portfolio. Bard has 155,138 shares for 1.5% of their US portfolio. The Illinois-based North Star Mngmt Corp has invested 1.63% in Acme United Corporation (NYSEMKT:ACU). National Bank & Trust Of Mellon, a New York-based fund reported 16,851 shares. Capital Mngmt Va owns 152,717 shares or 1.08% of their US portfolio. Ladenburg Thalmann holds 420 shares or 0% of its portfolio.

Acme United Corporation (NYSEMKT:ACU) Ratings Coverage

Out of 2 analysts covering Acme United (NYSEMKT:ACU), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Acme United has been the topic of 2 analyst reports since July 1, 2016 according to StockzIntelligence Inc. Singular Research maintained Acme United Corporation (NYSEMKT:ACU) on Wednesday, August 10 with “Buy” rating. DA Davidson initiated the shares of ACU in a report on Friday, July 1 with “Buy” rating.

ACU Company Profile

Acme United Corporation, incorporated on September 29, 1882, is a supplier of cutting, measuring, first aid and sharpening products to the school, home, office, hardware, sporting goods and industrial markets. The Firm operates in three divisions: United States (including Asian operations), Canada and Europe. The Company’s activities in the United States, Canada and Europe are involved in product development, marketing, sales, administrative and distribution activities. The Company’s product offerings across various divisions are sold to wholesale, contract and retail stationery distributors, office supply super stores, mass market retailers, industrial distributors, school supply distributors, drug store retailers, sporting goods stores, hardware chains and wholesale florists. The Company’s activities in Asia consist of sourcing, product development, production planning, quality control and sales activities. The Company’s subsidiaries include Acme United Limited, Acme United Europe GmbH, Acme United (Asia Pacific) Limited, Acme United China Limited and Acme United Netherlands Cooperatie U.A.

More recent Acme United Corporation (NYSEMKT:ACU) news were published by: Businesswire.com which released: “Acme United Corporation Third Quarter 2016 Earnings Conference Call” on October 14, 2016. Also Businesswire.com published the news titled: “Acme United Corporation Acquires Assets of Diamond Machining Technology” on February 01, 2016. Seekingalpha.com‘s news article titled: “Sticking With Acme United” with publication date: November 01, 2016 was also an interesting one.

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By Pete Kolinski

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