Short Interest in Acme United Co. (NYSEAMERICAN:ACU) Drops By 65.0%

Acme United Co. (NYSEAMERICAN:ACU) saw a large decline in short interest in the month of March. As of March 13th, there was short interest totalling 1,400 shares, a decline of 65.0% from the February 27th total of 4,000 shares. Based on an average trading volume of 8,000 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the shares of the company are sold short.

Shares of NYSEAMERICAN:ACU traded down $0.15 during mid-day trading on Thursday, reaching $19.38. 5,500 shares of the company traded hands, compared to its average volume of 10,576. The stock’s 50 day simple moving average is $20.33. Acme United has a 52 week low of $16.00 and a 52 week high of $24.91.

Acme United (NYSEAMERICAN:ACU) last announced its quarterly earnings data on Thursday, February 27th. The company reported $0.28 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.17 by $0.11. The company had revenue of $33.87 million for the quarter.

Hedge funds have recently bought and sold shares of the business. California Public Employees Retirement System bought a new position in Acme United in the 4th quarter worth approximately $221,000. Seizert Capital Partners LLC bought a new position in Acme United in the 4th quarter worth approximately $377,000. FMR LLC boosted its stake in Acme United by 1,780.9% in the 4th quarter. FMR LLC now owns 16,044 shares of the company’s stock worth $382,000 after purchasing an additional 15,191 shares during the period. Renaissance Technologies LLC boosted its stake in Acme United by 2.7% in the 4th quarter. Renaissance Technologies LLC now owns 175,939 shares of the company’s stock worth $4,186,000 after purchasing an additional 4,639 shares during the period. Finally, Capital Management Corp VA boosted its stake in Acme United by 8.6% in the 4th quarter. Capital Management Corp VA now owns 300,006 shares of the company’s stock worth $7,137,000 after purchasing an additional 23,881 shares during the period.

About Acme United

Acme United Corporation, together with its subsidiaries, supplies cutting, measuring, first aid, and sharpening products to the school, home, office, hardware, sporting good, and industrial markets in the United States, Canada, Europe, and Asia. It offers scissors, shears, rulers, pencil sharpeners, paper trimmers, lettering products, craft products, and safety cutters under the Westcott brand name; and cutting tools for hardware and industrial, lawn and garden, food processing, sewing, and housewares channels under the Clauss brand.

Recommended Story: What does an equal weight rating mean?

Receive News & Ratings for Acme United Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Acme United and related companies with MarketBeat.com's FREE daily email newsletter.