Acme United Corporation (NYSEMKT:ACU) Shorted Shares Decreased By 43.75%


The stock of Acme United Corporation (NYSEMKT:ACU) registered a decrease of 43.75% in short interest. ACU’s total short interest was 2,700 shares in September as published by FINRA. Its down 43.75% from 4,800 shares, reported previously. With 2,800 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 0.1%. About 1,158 shares traded hands. Acme United Corporation (NYSEMKT:ACU) has risen 47.60% since February 8, 2016 and is uptrending. It has outperformed by 31.11% 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 $67.78 million. The Firm operates in three divisions: United States , Canada and Europe. It has a 13.76 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.

The institutional sentiment decreased to 1.25 in Q2 2016. Its down 2.00, from 3.25 in 2016Q1. The ratio worsened, 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.

North Star Investment Management Corp. holds 1.63% of its portfolio in Acme United Corporation for 484,919 shares. Bard Associates Inc owns 155,138 shares or 1.5% of their US portfolio. Moreover, Capital Management Corp Va has 1.08% invested in the company for 152,717 shares. The California-based First Wilshire Securities Management Inc has invested 0.65% in the stock. Teton Advisors Inc., a New York-based fund reported 127,200 shares.

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 the stock on August 10 with “Buy” rating.

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