Aceto Co. (ACET) Short Interest Update

Aceto Co. (NASDAQ:ACET) saw a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 791,410 shares, an increase of 40.6% from the February 28th total of 562,696 shares. Currently, 2.8% of the shares of the company are short sold. Based on an average daily trading volume, of 5,703,363 shares, the days-to-cover ratio is currently 0.1 days.

Aceto stock traded up $0.02 during trading hours on Friday, reaching $0.09. 1,143,941 shares of the stock were exchanged, compared to its average volume of 4,027,806. The company has a debt-to-equity ratio of 2.65, a quick ratio of 0.64 and a current ratio of 1.00. Aceto has a 52-week low of $0.13 and a 52-week high of $7.58.

A number of institutional investors have recently made changes to their positions in the business. California Public Employees Retirement System raised its position in Aceto by 13.9% during the 4th quarter. California Public Employees Retirement System now owns 166,883 shares of the company’s stock worth $140,000 after buying an additional 20,333 shares during the last quarter. Janney Montgomery Scott LLC increased its holdings in shares of Aceto by 21.5% in the 3rd quarter. Janney Montgomery Scott LLC now owns 197,450 shares of the company’s stock valued at $446,000 after purchasing an additional 35,000 shares in the last quarter. Pacer Advisors Inc. increased its holdings in shares of Aceto by 237.3% in the 3rd quarter. Pacer Advisors Inc. now owns 50,838 shares of the company’s stock valued at $115,000 after purchasing an additional 35,766 shares in the last quarter. Two Sigma Advisers LP increased its holdings in shares of Aceto by 34.0% in the 4th quarter. Two Sigma Advisers LP now owns 282,741 shares of the company’s stock valued at $238,000 after purchasing an additional 71,787 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Aceto by 41.7% in the 4th quarter. Geode Capital Management LLC now owns 318,513 shares of the company’s stock valued at $267,000 after purchasing an additional 93,808 shares in the last quarter. Institutional investors own 35.70% of the company’s stock.

COPYRIGHT VIOLATION WARNING: This news story was originally published by Modern Readers and is owned by of Modern Readers. If you are viewing this news story on another website, it was illegally stolen and republished in violation of United States & international trademark and copyright law. The legal version of this news story can be viewed at https://www.modernreaders.com/news/2019/04/15/aceto-co-acet-short-interest-update.html.

About Aceto

Aceto Corporation engages in the development, marketing, sale, and distribution of finished dosage form generic pharmaceuticals, nutraceutical products, pharmaceutical active ingredients and intermediates, specialty performance chemicals, and agricultural protection products. The company operates in three segments: Human Health, Pharmaceutical Ingredients, and Performance Chemicals.

Further Reading: Cost of Capital Explained

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