Acacia Research Co. (NASDAQ:ACTG) Short Interest Update

Acacia Research Co. (NASDAQ:ACTG) was the target of a large decline in short interest in July. As of July 31st, there was short interest totalling 546,300 shares, a decline of 18.7% from the July 15th total of 671,800 shares. Based on an average daily trading volume, of 267,500 shares, the days-to-cover ratio is currently 2.0 days.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of Acacia Research from a “buy” rating to a “hold” rating in a research report on Monday, August 12th.

Acacia Research Stock Performance

Shares of NASDAQ:ACTG opened at $4.75 on Friday. The business has a fifty day moving average of $5.12 and a 200-day moving average of $4.91. The company has a debt-to-equity ratio of 0.02, a quick ratio of 21.02 and a current ratio of 21.40. Acacia Research has a twelve month low of $3.43 and a twelve month high of $5.74. The firm has a market cap of $475.10 million, a PE ratio of 13.19 and a beta of 0.54.

Institutional Trading of Acacia Research

Hedge funds have recently modified their holdings of the stock. Innealta Capital LLC bought a new stake in shares of Acacia Research during the second quarter worth $43,000. Corsair Capital Management L.P. bought a new position in Acacia Research in the fourth quarter valued at approximately $59,000. The Manufacturers Life Insurance Company bought a new stake in shares of Acacia Research during the 2nd quarter valued at $83,000. Victory Capital Management Inc. grew its stake in shares of Acacia Research by 36.0% during the second quarter. Victory Capital Management Inc. now owns 17,513 shares of the business services provider’s stock worth $88,000 after purchasing an additional 4,638 shares during the period. Finally, Counterpoint Mutual Funds LLC bought a new stake in Acacia Research in the first quarter valued at about $136,000. 86.69% of the stock is owned by institutional investors.

Acacia Research Company Profile

Acacia Research Corporation, together with its subsidiaries, invests in intellectual property and related absolute return assets; and engages in the licensing and enforcement of patented technologies. The company operates through three segments, Intellectual Property Operations, Industrial Operations, and Energy Operations.