Accuride Corp. (NYSE:ACW) saw a large drop in short interest in the month of October. As of October 31st, there was short interest totalling 440,977 shares, a drop of 48.5% from the October 14th total of 855,507 shares. Currently, 1.1% of the shares of the company are short sold. Based on an average trading volume of 359,596 shares, the short-interest ratio is currently 1.2 days.

Shares of Accuride Corp. (NYSE:ACW) opened at 2.58 on Wednesday. The firm’s market cap is $124.67 million. The stock’s 50 day moving average is $2.49 and its 200-day moving average is $1.89. Accuride Corp. has a 1-year low of $0.74 and a 1-year high of $2.84.

ACW has been the subject of a number of analyst reports. Zacks Investment Research raised shares of Accuride Corp. from a “hold” rating to a “strong-buy” rating and set a $2.75 price objective for the company in a research report on Monday, October 31st. B. Riley reissued a “neutral” rating and issued a $1.50 price objective on shares of Accuride Corp. in a research report on Wednesday, July 27th.

In other news, major shareholder Distressed Fund Lp Sg sold 8,353,216 shares of Accuride Corp. stock in a transaction dated Friday, November 18th. The shares were sold at an average price of $2.58, for a total value of $21,551,297.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 2.56% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Price Michael F bought a new position in Accuride Corp. during the third quarter worth about $1,831,000. Two Sigma Advisers LP increased its position in Accuride Corp. by 2.5% in the third quarter. Two Sigma Advisers LP now owns 124,500 shares of the company’s stock valued at $319,000 after buying an additional 3,000 shares during the last quarter. OMERS ADMINISTRATION Corp acquired a new position in Accuride Corp. during the third quarter valued at $325,000. KCG Holdings Inc. increased its position in Accuride Corp. by 575.6% in the third quarter. KCG Holdings Inc. now owns 285,404 shares of the company’s stock valued at $731,000 after buying an additional 243,159 shares during the last quarter. Finally, Northern Trust Corp increased its position in Accuride Corp. by 94.9% in the third quarter. Northern Trust Corp now owns 133,204 shares of the company’s stock valued at $341,000 after buying an additional 64,858 shares during the last quarter. Institutional investors own 46.60% of the company’s stock.

TRADEMARK VIOLATION WARNING: “Accuride Corp. (ACW) Short Interest Update” was reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this piece on another domain, it was stolen and republished in violation of U.S. & international copyright and trademark legislation. The original version of this piece can be read at https://www.thecerbatgem.com/2016/11/23/accuride-corp-acw-short-interest-update.html.

About Accuride Corp.

Accuride Corporation is a manufacturer and supplier of commercial vehicle components in North America. The Company’s products include commercial vehicle wheels, wheel-end components and assemblies, and ductile and gray iron castings. The Company’s segments include Wheels, Gunite and Brillion Iron Works.

5 Day Chart for NYSE:ACW

Receive News & Stock Ratings for Accuride Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Accuride Corp. and related stocks with our FREE daily email newsletter.