Today’s Short Interest: A Reversal for Accuride Corporation (NYSE:ACW) Is Near. The Stock Has Decrease in Shorts

November 23, 2016 - By Nellie Frank   ·   0 Comments

Today's Short Interest: A Reversal for Accuride Corporation (NYSE:ACW) Is Near. The Stock Has Decrease in Shorts

The stock of Accuride Corporation (NYSE:ACW) registered a decrease of 48.45% in short interest. ACW’s total short interest was 441,000 shares in November as published by FINRA. Its down 48.45% from 855,500 shares, reported previously. With 359,600 shares average volume, it will take short sellers 1 days to cover their ACW’s short positions. The short interest to Accuride Corporation’s float is 1.63%. The stock last traded at $0 per share. It is down 72.00% since April 21, 2016 and is uptrending. It has outperformed by 66.67% the S&P500.

Accuride Corporation is a United States maker and supplier of wheels, wheel-end components and other products to the North American commercial vehicle industry. The company has a market cap of $124.67 million. The Company’s products include steel and aluminum commercial vehicle wheels and assemblies, truck body and chassis parts, and gray, ductile and austempered ductile iron castings. It currently has negative earnings. The Company’s products are marketed under various brands, such as Accuride Wheel End Solutions , Accu-Flange and Gianetti Ruote.

Insitutional Activity: The institutional sentiment increased to 0.89 in Q2 2016. Its up 0.35, from 0.54 in 2016Q1. The ratio improved, as 21 funds sold all Accuride Corporation shares owned while 25 reduced positions. 10 funds bought stakes while 15 increased positions. They now own 21.61 million shares or 19.94% less from 26.99 million shares in 2016Q1.
Connor Clark And Lunn Investment Management Ltd holds 0% or 24,255 shares in its portfolio. Pnc Fincl Svcs Gp accumulated 1,181 shares or 0% of the stock. Geode Capital Mngmt Limited Liability Company holds 0% or 242,329 shares in its portfolio. The Germany-based Deutsche Financial Bank Ag has invested 0% in Accuride Corporation (NYSE:ACW). Anchor Cap Advisors Limited Com reported 424,386 shares or 0.01% of all its holdings. The New Jersey-based Brave Asset has invested 0.02% in Accuride Corporation (NYSE:ACW). Schwab Charles Mngmt Incorporated reported 167,189 shares or 0% of all its holdings. Tudor Corporation Et Al, a Connecticut-based fund reported 24,539 shares. The New York-based Tower Rech Ltd Limited Liability Company (Trc) has invested 0% in Accuride Corporation (NYSE:ACW). Netols Asset Management last reported 255,014 shares in the company. Blackrock Ltd Liability owns 6,785 shares or 0% of their US portfolio. Susquehanna Grp Incorporated Llp holds 0% or 20,325 shares in its portfolio. Blackrock Institutional Trust Company Na last reported 0% of its portfolio in the stock. Paloma Prtn Com accumulated 0% or 147,866 shares. Art Advsrs Llc reported 58,384 shares or 0% of all its holdings.

Insider Transactions: Since November 18, 2016, the stock had 0 insider purchases, and 2 selling transactions for $43.10 million net activity. 8.35 million Accuride Corporation (NYSE:ACW) shares with value of $21.55 million were sold by Cetus Capital – LLC. Shares for $21.55 million were sold by Littlejohn Fund IV – L.P. on Friday, November 18.

Accuride Corporation (NYSE:ACW) Ratings Coverage

Out of 3 analysts covering Accuride (NYSE:ACW), 0 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 0 are positive. Accuride has been the topic of 7 analyst reports since August 10, 2015 according to StockzIntelligence Inc. The firm earned “Hold” rating on Monday, January 25 by Gabelli. The rating was downgraded by B. Riley & Co to “Neutral” on Tuesday, November 3. The rating was downgraded by BB&T Capital to “Hold” on Thursday, September 17. The firm has “Buy” rating by Gabelli given on Wednesday, May 4. The firm has “Buy” rating given on Monday, August 10 by Zacks. The stock has “Hold” rating given by Gabelli on Wednesday, September 7.

More notable recent Accuride Corporation (NYSE:ACW) news were published by: Businesswire.com which released: “Accuride Corporation Announces Completion of Acquisition by Crestview Partners” on November 18, 2016, also Businesswire.com with their article: “Accuride Corporation Announces Expiration and Results of Cash Tender Offer for …” published on November 17, 2016, Businesswire.com published: “Accuride Shareholders Approve Transaction with Crestview” on November 15, 2016. More interesting news about Accuride Corporation (NYSE:ACW) were released by: Businesswire.com and their article: “Accuride Corporation Announces Preliminary Third Quarter 2016 Results” published on October 17, 2016 as well as Reuters.com‘s news article titled: “BRIEF-Accuride Corporation announces expiration and results of cash tender…” with publication date: November 17, 2016.

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By Nellie Frank


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