Acacia Communications Incorporated (NASDAQ:ACIA) Sellers Covered 12.96% of Their Shorts

June 20, 2017 - By Hazel Jackson

 Acacia Communications Incorporated (NASDAQ:ACIA) Sellers Covered 12.96% of Their Shorts

The stock of Acacia Communications Incorporated (NASDAQ:ACIA) registered a decrease of 12.96% in short interest. ACIA’s total short interest was 8.44 million shares in June as published by FINRA. Its down 12.96% from 9.70M shares, reported previously. With 1.70M shares average volume, it will take short sellers 5 days to cover their ACIA’s short positions. The short interest to Acacia Communications Incorporated’s float is 44.92%.

It closed at $45.1 lastly. It is down 55.67% since June 20, 2016 and is uptrending. It has outperformed by 38.97% the S&P500.

Acacia Communications, Inc. provides high-speed coherent interconnect products. The company has market cap of $1.74 billion. The Company’s products include a series of low-power coherent digital signal processor application-specific integrated circuits , and silicon photonic integrated circuits (silicon PICs), which it has integrated into families of optical interconnect modules with transmission speeds ranging from 100 to 400 gigabits per second (Gbps) for use in long-haul, metro and inter-data center markets. It has a 13.5 P/E ratio. The Firm is also developing optical interconnect modules that will enable transmission speeds of one terabit (1,000 gigabits) per second and above.

Acacia Communications, Inc. (NASDAQ:ACIA) Ratings Coverage

Among 5 analysts covering Acacia Communications (NASDAQ:ACIA), 3 have Buy rating, 0 Sell and 2 Hold. Therefore 60% are positive. Acacia Communications has $125 highest and $39 lowest target. $85.50’s average target is 89.58% above currents $45.1 stock price. Acacia Communications had 9 analyst reports since June 7, 2016 according to SRatingsIntel. The stock of Acacia Communications, Inc. (NASDAQ:ACIA) has “Buy” rating given on Tuesday, June 7 by Deutsche Bank. Needham maintained Acacia Communications, Inc. (NASDAQ:ACIA) on Friday, August 12 with “Buy” rating. Deutsche Bank maintained the stock with “Buy” rating in Thursday, July 14 report. Needham initiated Acacia Communications, Inc. (NASDAQ:ACIA) on Tuesday, June 7 with “Buy” rating. Goldman Sachs initiated the shares of ACIA in report on Tuesday, June 7 with “Neutral” rating. Needham maintained Acacia Communications, Inc. (NASDAQ:ACIA) rating on Tuesday, October 11. Needham has “Buy” rating and $125 target. Cowen & Co initiated the stock with “Outperform” rating in Tuesday, June 7 report. Deutsche Bank maintained Acacia Communications, Inc. (NASDAQ:ACIA) rating on Friday, September 9. Deutsche Bank has “Buy” rating and $125 target. The stock has “Equal-Weight” rating by Morgan Stanley on Thursday, December 8.

More recent Acacia Communications, Inc. (NASDAQ:ACIA) news were published by: which released: “Maynard-based Acacia identifies ‘quality issue’ in its fiber optic components” on May 31, 2017. Also published the news titled: “Acacia Communications to Present at June Conferences” on May 24, 2017.‘s news article titled: “Stock Performance Review on Communication Equipment Industry — Infinera …” with publication date: June 16, 2017 was also an interesting one.

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