Today Acco Brands Corporation (NYSE:ACCO) Reported Decrease in Shorted Shares

January 10, 2018 - By Linda Rogers

 Today Acco Brands Corporation (NYSE:ACCO) Reported Decrease in Shorted Shares

The stock of Acco Brands Corporation (NYSE:ACCO) registered a decrease of 10.46% in short interest. ACCO’s total short interest was 3.14 million shares in January as published by FINRA. Its down 10.46% from 3.51 million shares, reported previously. With 653,800 shares average volume, it will take short sellers 5 days to cover their ACCO’s short positions. The short interest to Acco Brands Corporation’s float is 2.99%.

The stock decreased 2.02% or $0.25 during the last trading session, reaching $12.15. About 224,094 shares traded. ACCO Brands Corporation (NYSE:ACCO) has risen 20.02% since January 10, 2017 and is uptrending. It has outperformed by 3.32% the S&P500.

ACCO Brands Corporation designs, manufactures, sources, markets, and sells office products, academic supplies, and calendar products primarily in the United States, Canada, Northern Europe, Brazil, Australia, and Mexico. The company has market cap of $1.30 billion. It operates through three divisions: ACCO Brands North America, ACCO Brands EMEA, and ACCO Brands International. It has a 21.2 P/E ratio. The firm offers office products, such as stapling, binding and laminating equipment, and related consumable supplies, as well as shredders and whiteboards; and academic products, including notebooks, folders, decorative calendars, and stationery products.

ACCO Brands Corporation (NYSE:ACCO) Ratings Coverage

Among 3 analysts covering Acco Brands (NYSE:ACCO), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 67% are positive. Acco Brands has $18 highest and $11 lowest target. $14.50’s average target is 19.34% above currents $12.15 stock price. Acco Brands had 4 analyst reports since April 29, 2016 according to SRatingsIntel. BWS Financial maintained the shares of ACCO in report on Friday, April 7 with “Buy” rating. The firm has “Outperform” rating by Barrington Research given on Friday, April 29. BWS Financial initiated the stock with “Buy” rating in Wednesday, January 25 report. The firm earned “Hold” rating on Thursday, September 7 by KeyBanc Capital Markets.

More notable recent ACCO Brands Corporation (NYSE:ACCO) news were published by: Prnewswire.com which released: “ACCO Brands Corporation Prices Offering Of $400 Million 5.25% Senior Unsecured …” on December 08, 2016, also Seekingalpha.com with their article: “ACCO Brands’ (ACCO) CEO, Boris Elisman on Q3 2017 Results – Earnings Call …” published on October 30, 2017, Seekingalpha.com published: “ACCO Brands’ (ACCO) CEO Boris Elisman on Q1 2017 Results – Earnings Call …” on May 03, 2017. More interesting news about ACCO Brands Corporation (NYSE:ACCO) were released by: Prnewswire.com and their article: “ACCO Brands Corporation To Acquire Remaining 50% Of Its Australian Joint …” published on March 21, 2016 as well as Prnewswire.com‘s news article titled: “ACCO Brands To Report Third Quarter 2017 Results Monday, October 30, 2017” with publication date: October 03, 2017.

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