Short Interest Update on Acco Brands Corporation (ACCO)

Acco Brands Corporation (ACCO) : The bears are holding on to their shorts in Accenture Plc with 4 more days remaining for them to cover their positions. The bearish positions have increased from 3,884,491 on Jul 29, 2016, to 4,143,341, on August 15, 2016. Daily, 941,040 shares are traded, which shows the high interest of the traders in the stock. The net addition of short open interest is 258,850 shares, which is an increase of just 6.7%. The total short interest of 4% of the float indicates that there arent many bears on this stock at the current prices. The short interest information was released on Wednesday Aug 24th after the market close.

Acco Brands Corporation (NYSE:ACCO): The stock opened at $10.11 on Wednesday but the bulls could not build on the opening and the stock topped out at $10.13 for the day. The stock traded down to $10.01 during the day, due to lack of any buying support eventually closed down at $10.06 with a loss of -0.40% for the day. The stock had closed at $10.10 on the previous day. The total traded volume was 424,824 shares.


In a related news, Mccormack Gregory J., officer (Sr. Vice Pres, Global Products) of Acco Brands Corp, unloaded 29,254 shares at an average price of $7.72 on August 4, 2015. The total amount of the transaction was worth $225,841, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

ACCO Brands Corporation is a manufacturer and marketer of office, school and calendar products and select computer and electronic accessories. The Company sells its products to consumers and commercial end users primarily through resellers, including traditional office supply resellers, wholesalers, and retailers, including online retailers. The company is organized into three business segments: ACCO Brands North America, ACCO Brands International and Computer Products Group. ACCO Brands North America and ACCO Brands International manufacture, source and sell traditional office products, school supplies and calendar products. The Companys Computer Products Group designs, sources, distributes, markets and sells accessories for laptop and desktop computers and tablets. The Company sells its products primarily to markets located in the United States, Northern Europe, Canada, Australia, Brazil and Mexico.

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