Today’s Short Interest: Time to Reconsider Acnb Corporation (NASDAQ:ACNB) After More Short Sellers?

November 23, 2016 - By Ellis Scott   ·   0 Comments

Today's Short Interest: Time to Reconsider Acnb Corporation (NASDAQ:ACNB) After More Short Sellers?

The stock of Acnb Corporation (NASDAQ:ACNB) registered an increase of 3.17% in short interest. ACNB’s total short interest was 91,200 shares in November as published by FINRA. Its up 3.17% from 88,400 shares, reported previously. With 3,300 shares average volume, it will take short sellers 28 days to cover their ACNB’s short positions. The short interest to Acnb Corporation’s float is 1.55%. About 415 shares traded hands. ACNB Corporation (NASDAQ:ACNB) has risen 41.31% since April 21, 2016 and is uptrending. It has outperformed by 35.98% the S&P500.

ACNB Corporation is a financial holding company. The company has a market cap of $193.12 million. The Company’s banking activities are conducted through its operating subsidiary, ACNB Bank , and offers a range of property and casualty, life and health insurance to both commercial and individual clients through its subsidiary, Russell Insurance Group, Inc. (RIG). It has a 16.89 P/E ratio. The Firm has two divisions: the Bank and RIG.

Insitutional Activity: The institutional sentiment decreased to 1.92 in 2016 Q2. Its down 3.41, from 5.33 in 2016Q1. The ratio fall, as 3 funds sold all ACNB Corporation shares owned while 3 reduced positions. 23 funds bought stakes while 9 increased positions. They now own 1.70 million shares or 187.07% more from 591,070 shares in 2016Q1.
Blackrock Institutional Tru Co Na holds 0% or 41,148 shares in its portfolio. The New York-based Tiaa Cref Mngmt Ltd Liability Corporation has invested 0% in ACNB Corporation (NASDAQ:ACNB). Blackrock Fund Advsr holds 161,499 shares or 0% of its portfolio. Security National Tru Communication holds 886 shares or 0.01% of its portfolio. Cetera Advisor Network Limited Liability Corporation accumulated 0.03% or 19,009 shares. Blackrock Inc has 203 shares for 0% of their US portfolio. Blackrock Investment Mgmt Limited Liability Company has 23,690 shares for 0% of their US portfolio. Strs Ohio accumulated 0% or 2,000 shares. Denali Advsr Ltd Com has invested 0% of its portfolio in ACNB Corporation (NASDAQ:ACNB). Northern Trust Corp holds 0% or 50,960 shares in its portfolio. Citigroup Inc owns 593 shares or 0% of their US portfolio. Blackrock Advisors Lc has invested 0% of its portfolio in ACNB Corporation (NASDAQ:ACNB). M&T Bank & Trust accumulated 12,948 shares or 0% of the stock. Moreover, Brown Advisory has 0.12% invested in ACNB Corporation (NASDAQ:ACNB) for 15,659 shares. Comml Bank Of America De reported 112 shares or 0% of all its holdings.

Insider Transactions: Since June 15, 2016, the stock had 17 insider buys, and 0 insider sales for $130,092 net activity. Shares for $1,002 were bought by GLASS LYNDA L. $2,113 worth of ACNB Corporation (NASDAQ:ACNB) shares were bought by Williams James Eugene. Miller Robert Wayne had bought 78 shares worth $2,113. Newell Donna M bought $2,113 worth of ACNB Corporation (NASDAQ:ACNB) on Thursday, September 15. RITTER THOMAS A also bought $38,992 worth of ACNB Corporation (NASDAQ:ACNB) on Wednesday, June 15. The insider SCHULTZ MARIAN B bought 78 shares worth $2,113. 87 shares were bought by ELSNER FRANK III, worth $2,356 on Thursday, September 15.

ACNB Company Profile

ACNB Corporation, incorporated on November 9, 1982, is a financial holding company. The Company’s banking activities are conducted through its operating subsidiary, ACNB Bank (the Bank), and offers a range of property and casualty, life and health insurance to both commercial and individual clients through its subsidiary, Russell Insurance Group, Inc. (RIG). The Firm has two divisions: the Bank and RIG. RIG is managed separately from the banking segment, which includes the Bank and related financial services that the Company offers through its banking subsidiary. Through its banking and nonbanking subsidiaries, the Company provides a range of banking and financial services to individuals and businesses, including commercial and retail banking, trust and investment management, and insurance.

More recent ACNB Corporation (NASDAQ:ACNB) news were published by: Businesswire.com which released: “ACNB Corporation to Acquire New Windsor Bancorp, Inc. in Northern Maryland” on November 22, 2016. Also Reuters.com published the news titled: “BRIEF-ACNB Corp to acquire New Windsor Bancorp” on November 22, 2016. Businesswire.com‘s news article titled: “ACNB Bank Names James P. Helt as President Effective September 1, 2015” with publication date: June 22, 2015 was also an interesting one.

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By Ellis Scott

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