Accuride Corporation (NYSE:ACW) Shorts Decreased by 24.09% After Short Covering


The stock of Accuride Corporation (NYSE:ACW) registered a decrease of 24.09% in short interest. ACW’s total short interest was 123,200 shares in September as published by FINRA. Its down 24.09% from 162,300 shares, reported previously. With 168,400 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 0.46%. About 304,941 shares traded hands. Accuride Corporation (NYSE:ACW) has risen 222.78% since February 8, 2016 and is uptrending. It has outperformed by 206.30% 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 $123.50 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.

The institutional sentiment decreased to 0.54 in 2016 Q2. Its down 0.60, from 1.14 in 2016Q1. The ratio fall, 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.

Coliseum Capital Management Llc holds 4.75% of its portfolio in Accuride Corporation for 9.18 million shares. New Generation Advisors Llc owns 2.90 million shares or 2.27% of their US portfolio. Moreover, Blue Clay Capital Management Llc has 0.4% invested in the company for 279,429 shares. The New York-based Weber Alan W has invested 0.13% in the stock. Netols Asset Management Inc., a Wisconsin-based fund reported 255,014 shares.

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 6 analyst reports since September 17, 2015 according to StockzIntelligence Inc. Gabelli upgraded the stock on September 7 to “Hold” rating.

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