Accelevation Holdings Corp. (NASDAQ:ACCV) Sees Large Increase in Short Interest

Accelevation Holdings Corp. (NASDAQ:ACCV) was the recipient of a large increase in short interest in the month of October. As of October 15th, there was short interest totaling 2,835,572 shares. Approximately 1.3% of the shares of the company are sold short. Based on an average trading volume of 2,598,503 shares, the days-to-cover ratio is currently 1.1 days.

Accelevation Trading Up 0.1%

Shares of Accelevation stock opened at $14.49 on Monday. Accelevation has a 52 week low of $11.58 and a 52 week high of $18.10.

Insider Buying and Selling at Accelevation

In related news, Director Howard Heckes purchased 5,000 shares of the business’s stock in a transaction that occurred on Thursday, October 1st. The stock was acquired at an average cost of $18.00 per share, for a total transaction of $90,000.00. Following the completion of the purchase, the director owned 5,000 shares in the company, valued at approximately $90,000. This represents a ? increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ginger Jones bought 10,000 shares of the firm’s stock in a transaction on Thursday, October 1st. The shares were bought at an average cost of $18.00 per share, for a total transaction of $180,000.00. Following the purchase, the director owned 10,000 shares of the company’s stock, valued at approximately $180,000. The trade was a ? increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders acquired a total of 227,700 shares of company stock worth $4,098,600 in the last 90 days.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. Zacks Research initiated coverage on shares of Accelevation in a research note on Tuesday, October 27th. They set a “hold” rating on the stock. Morgan Stanley started coverage on Accelevation in a research note on Monday, October 26th. They set an “equal weight” rating and a $18.00 price objective for the company. Bank of America started coverage on Accelevation in a report on Monday, October 26th. They issued a “buy” rating and a $20.00 price objective for the company. Robert W. Baird started coverage on shares of Accelevation in a report on Monday, October 26th. They issued an “outperform” rating and a $16.00 price objective for the company. Finally, Wall Street Zen raised shares of Accelevation to a “hold” rating in a research report on Saturday, October 10th. Seven research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $19.43.

Accelevation Company Profile

Accelevation Holdings Corp. designs, manufactures and installs customized structural, electrical and mechanical systems for mission-critical infrastructure.