Acme United Co. (NYSEAMERICAN:ACU) was the target of a significant drop in short interest in October. As of October 31st, there was short interest totalling 5,000 shares, a drop of 7.4% from the September 30th total of 5,400 shares. Approximately 0.2% of the shares of the stock are short sold. Based on an average trading volume of 6,400 shares, the days-to-cover ratio is presently 0.8 days.
Large investors have recently bought and sold shares of the business. Capital Management Corp VA grew its stake in Acme United by 11.9% during the 3rd quarter. Capital Management Corp VA now owns 276,125 shares of the company’s stock worth $5,529,000 after purchasing an additional 29,312 shares in the last quarter. Renaissance Technologies LLC grew its stake in Acme United by 16.1% during the 2nd quarter. Renaissance Technologies LLC now owns 160,894 shares of the company’s stock worth $3,633,000 after purchasing an additional 22,294 shares in the last quarter. Hancock Whitney Corp acquired a new position in Acme United during the 2nd quarter worth $209,000. Price T Rowe Associates Inc. MD acquired a new position in Acme United during the 2nd quarter worth $203,000. Finally, BlackRock Inc. grew its stake in Acme United by 559.0% during the 2nd quarter. BlackRock Inc. now owns 7,434 shares of the company’s stock worth $168,000 after purchasing an additional 6,306 shares in the last quarter.
NYSEAMERICAN ACU opened at $20.59 on Monday. The stock’s 50 day simple moving average is $20.33 and its 200-day simple moving average is $19.98. Acme United has a 1-year low of $13.50 and a 1-year high of $22.87.
The firm also recently announced a — dividend, which was paid on Tuesday, October 22nd. Shareholders of record on Tuesday, October 1st were given a $0.12 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a yield of 2.4%.
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.
See Also: How to build a Fibonacci channel
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.