Acco Group Holdings Limited (NASDAQ:ACCL) Sees Significant Decrease in Short Interest

Acco Group Holdings Limited (NASDAQ:ACCL) saw a large drop in short interest in October. As of October 15th, there was short interest totaling 19,728 shares, a drop of 37.9% from the September 30th total of 31,753 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average trading volume of 8,190 shares, the days-to-cover ratio is currently 2.4 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded shares of Acco Group from a “sell (d-)” rating to a “sell (d)” rating in a report on Monday. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Acco Group Price Performance

Shares of NASDAQ:ACCL opened at $2.60 on Wednesday. The company’s 50-day moving average price is $2.71 and its two-hundred day moving average price is $1.97. Acco Group has a one year low of $1.23 and a one year high of $5.00.

Acco Group (NASDAQ:ACCL) last posted its quarterly earnings data on Wednesday, October 21st. The technology company reported $0.01 EPS for the quarter. The business had revenue of $1.27 million for the quarter.

About Acco Group

Accelrys, Inc develops and commercializes scientific informatics software products and services for industries and organizations. The Company’s product lines include Pipeline Pilot, Accelrys Enterprise Research and Development (R & D) Platform; Computer Aided Design Modeling and Simulation Software; Enterprise Lab Notebook; Lab Execution Systems; Content Databases, and Data Management & Informatics Software. Its software and service solutions are used by its customers’ scientists, biologists, chemists and information technology professionals in order to aggregate, mine, integrate, analyze, simulate, manage and interactively report scientific data.