Is Aceto Corporation (NASDAQ:ACET)’s Fuel Running Low? Reports Show More Sellers

June 16, 2018 - By Winifred Garcia

Investors sentiment increased to 1.49 in Q1 2018. Its up 0.43, from 1.06 in 2017Q4. It is positive, as 14 investors sold Aceto Corporation shares while 29 reduced holdings. 20 funds opened positions while 44 raised stakes. 21.41 million shares or 7.59% less from 23.17 million shares in 2017Q4 were reported.
Northern Trust owns 1.63 million shares for 0% of their portfolio. Trexquant Investment Limited Partnership holds 0.01% of its portfolio in Aceto Corporation (NASDAQ:ACET) for 16,292 shares. Royal State Bank Of Canada reported 21,609 shares. Illinois-based First Limited Partnership has invested 0% in Aceto Corporation (NASDAQ:ACET). Advisory Net Ltd Liability Corporation owns 177 shares or 0% of their US portfolio. Reilly Ltd Llc reported 0% stake. Jpmorgan Chase And holds 0% or 6,022 shares in its portfolio. Fisher Asset Ltd Liability Com holds 220,456 shares. 27,000 were reported by Peak6 Investments Limited Partnership. Zebra Capital Mngmt Ltd Company stated it has 0.03% in Aceto Corporation (NASDAQ:ACET). Legal And General Group Inc Inc Public Limited Company stated it has 57,651 shares. Segall Bryant Hamill Ltd Liability accumulated 173,896 shares or 0.03% of the stock. Signaturefd Limited Company reported 0% in Aceto Corporation (NASDAQ:ACET). Tiaa Cref Invest Mgmt Lc holds 211,897 shares. Martingale Asset Mgmt L P invested 0% of its portfolio in Aceto Corporation (NASDAQ:ACET).

Since December 22, 2017, it had 0 buys, and 1 sale for $3,225 activity.

The stock of Aceto Corporation (NASDAQ:ACET) registered an increase of 62.23% in short interest. ACET’s total short interest was 1.83M shares in June as published by FINRA. Its up 62.23% from 1.13 million shares, reported previously. With 1.63 million shares average volume, it will take short sellers 1 days to cover their ACET’s short positions. The short interest to Aceto Corporation’s float is 6.26%.

The stock increased 5.50% or $0.21 during the last trading session, reaching $4.03. About 521,732 shares traded. Aceto Corporation (NASDAQ:ACET) has declined 80.19% since June 16, 2017 and is downtrending. It has underperformed by 92.76% the S&P500.

Aceto Corporation, together with its subsidiaries, sources, markets, sells, and distributes finished dosage form generics, nutraceutical products, pharmaceutical intermediates and active ingredients, agricultural protection products, and specialty chemicals. The company has market cap of $124.08 million. The firm operates in three divisions: Human Health, Pharmaceutical Ingredients, and Performance Chemicals. It currently has negative earnings. The Human Health segment supplies raw materials used in the production of nutritional and packaged dietary supplements, including vitamins, amino acids, iron compounds, and bio chemicals used in pharmaceutical and nutritional preparations.

Aceto Corporation (NASDAQ:ACET) Ratings Coverage

Among 2 analysts covering Aceto Corp (NASDAQ:ACET), 0 have Buy rating, 2 Sell and 0 Hold. Therefore 0 are positive. Aceto Corp had 3 analyst reports since February 4, 2018 according to SRatingsIntel. Craig Hallum downgraded Aceto Corporation (NASDAQ:ACET) on Thursday, April 19 to “Sell” rating. The firm has “Buy” rating by Canaccord Genuity given on Sunday, February 4. The stock has “Sell” rating by Canaccord Genuity on Thursday, April 19.

More notable recent Aceto Corporation (NASDAQ:ACET) news were published by: Globenewswire.com which released: “ACETO NOTICE: Rosen Law Reminds Aceto Corporation Investors With Losses in Excess of $300000 of Important …” on June 01, 2018, also Globenewswire.com with their article: “UPDATE — The Klein Law Firm Reminds Investors of Class Actions Commenced on Behalf of Shareholders of Fluor …” published on June 15, 2018, Globenewswire.com published: “Alan Levin Elected Chairman of the Board of Directors” on June 01, 2018. More interesting news about Aceto Corporation (NASDAQ:ACET) were released by: Digitaljournal.com and their article: “NASDAQ: ACET Shareholder Notice: Deadline Upcoming on June 25, 2018 in Lawsuit Against Aceto Corporation” published on June 11, 2018 as well as Digitaljournal.com‘s news article titled: “ACET WIRE ALERT: Pawar Law Reminds of Important June 25, 2018 Lead Plaintiff Deadline in Class Action- ACET” with publication date: June 14, 2018.

Aceto Corporation (NASDAQ:ACET) Institutional Positions Chart

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