Acco Brands Corporation (NYSE:ACCO) Can’t Be More Risky. Short Interest Increased

June 16, 2018 - By reb123z

ACCO Brands Corporation (NYSE:ACCO) Logo

The stock of Acco Brands Corporation (NYSE:ACCO) registered an increase of 1.34% in short interest. ACCO’s total short interest was 3.64M shares in June as published by FINRA. Its up 1.34% from 3.59M shares, reported previously. With 442,800 shares average volume, it will take short sellers 8 days to cover their ACCO’s short positions. The short interest to Acco Brands Corporation’s float is 3.5%.

It closed at $13.2 lastly. It is up 14.67% since June 16, 2017 and is uptrending. It has outperformed by 2.10% the S&P500.

ACCO Brands Corporation designs, manufactures, sources, markets, and sells office products, academic supplies, and calendar products primarily in the United States, Canada, Northern Europe, Brazil, Australia, and Mexico. The company has market cap of $1.42 billion. It operates through three divisions: ACCO Brands North America, ACCO Brands EMEA, and ACCO Brands International. It has a 10.51 P/E ratio. The firm offers office products, such as stapling, binding and laminating equipment, and related consumable supplies, as well as shredders and whiteboards; and academic products, including notebooks, folders, decorative calendars, and stationery products.

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 had 2 analyst reports since February 15, 2018 according to SRatingsIntel. The firm has “Buy” rating given on Thursday, February 15 by Barrington.

More news for ACCO Brands Corporation (NYSE:ACCO) were recently published by: Investorplace.com, which released: “4 Value Stocks for Growth Investors to Enrich Portfolios” on June 12, 2018. Seekingalpha.com‘s article titled: “ACCO Brands to acquire GOBA Internacional for ~$31M” and published on June 14, 2018 is yet another important article.

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