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

June 20, 2017 - By Peter Erickson

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

The stock of Acco Brands Corporation (NYSE:ACCO) registered a decrease of 6.59% in short interest. ACCO’s total short interest was 2.65M shares in June as published by FINRA. Its down 6.59% from 2.84 million shares, reported previously. With 764,600 shares average volume, it will take short sellers 4 days to cover their ACCO’s short positions. The short interest to Acco Brands Corporation’s float is 2.52%.

The stock increased 0.22% or $0.03 on June 19, reaching $11.6. About shares traded. ACCO Brands Corporation (NYSE:ACCO) has risen 20.02% since June 20, 2016 and is uptrending. It has outperformed by 3.32% the S&P500.

ACCO Brands Corporation is engaged in designing, marketing and manufacturing of branded business, academic and selected consumer products. The company has market cap of $1.30 billion. The Firm operates through three divisions: ACCO Brands North America, ACCO Brands International and Computer Products Group. It has a 13.41 P/E ratio. The Company’s brands include Artline, AT-A-GLANCE, Derwent, Esselte, Five Star, GBC, Hilroy, Kensington, Leitz, Marbig, Mead, NOBO, Quartet, Rapid, Rexel, Swingline, Tilibra and Wilson Jones.

ACCO Brands Corporation (NYSE:ACCO) Ratings Coverage

Among 2 analysts covering Acco Brands (NYSE:ACCO), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Acco Brands has $18 highest and $11 lowest target. $14.50’s average target is 25.00% above currents $11.6 stock price. Acco Brands had 3 analyst reports since April 29, 2016 according to SRatingsIntel. Barrington Research maintained it with “Outperform” rating and $11 target in Friday, April 29 report. As per Friday, April 7, the company rating was maintained by BWS Financial. BWS Financial initiated the shares of ACCO in report on Wednesday, January 25 with “Buy” rating.

More notable recent ACCO Brands Corporation (NYSE:ACCO) news were published by: Seekingalpha.com which released: “ACCO Brands’ (ACCO) CEO Boris Elisman on Q4 2016 Results – Earnings Call …” on February 22, 2017, also Seekingalpha.com with their article: “ACCO Brands’ (ACCO) CEO Boris Elisman on Q1 2017 Results – Earnings Call …” published on May 03, 2017, Seekingalpha.com published: “ACCO Brands (ACCO) Q3 2016 Results – Earnings Call Transcript” on October 24, 2016. More interesting news about ACCO Brands Corporation (NYSE:ACCO) were released by: Seekingalpha.com and their article: “ACCO Brands’ (ACCO) CEO Boris Elisman on Q2 2016 Results – Earnings Call …” published on August 02, 2016 as well as Seekingalpha.com‘s news article titled: “ACCO Brands completes Esselte Group acquisition” with publication date: February 01, 2017.

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