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

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

Analyst Ratings Changes

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

Acco Group Price Performance

ACCL opened at $2.51 on Tuesday. The firm has a 50 day simple moving average of $2.71 and a 200 day simple moving average of $1.97. Acco Group has a fifty-two week low of $1.23 and a fifty-two week high of $5.00.

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

Acco Group Company Profile

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.