Acnb Corporation (NASDAQ:ACNB) Sellers Covered 7.36% of Their Shorts


The stock of Acnb Corporation (NASDAQ:ACNB) registered a decrease of 7.36% in short interest. ACNB’s total short interest was 99,500 shares in September as published by FINRA. Its down 7.36% from 107,400 shares, reported previously. With 9,600 shares average volume, it will take short sellers 10 days to cover their ACNB’s short positions. The short interest to Acnb Corporation’s float is 1.69%. About 1,268 shares traded hands. ACNB Corporation (NASDAQ:ACNB) has risen 24.17% since February 8, 2016 and is uptrending. It has outperformed by 7.69% the S&P500.

ACNB Corporation is a financial holding company. The company has a market cap of $165.00 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 14.47 P/E ratio. The Firm has two divisions: the Bank and RIG.

The institutional sentiment increased to 5.33 in Q2 2016. Its up 3.33, from 2 in 2016Q1. The ratio improved, 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.

Financial Consulate Inc holds 0.4% of its portfolio in ACNB Corporation for 20,687 shares. Wheatland Advisors Inc owns 9,308 shares or 0.22% of their US portfolio. Moreover, Brown Advisory Securities Llc has 0.12% invested in the company for 15,659 shares. The Vermont-based Hanson & Doremus Investment Management has invested 0.07% in the stock. Clenar Muke Llc, a California-based fund reported 19,009 shares.

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