Trading was heavy with 5,837 shares changing hands by the end of trading on Wednesday. Overall, volume was up 144.43% over the stocks normal daily volume.
Investors are more bearish on Acorn International of late if you take a look at the motion in short interest. The stock recorded a rise in short interest of 163.92% between October 13, 2017 and October 31, 2017. Short interest grew from 1,300 to 3,431 over that timeframe. Days to cover increased 2.0 to 3.0 and the percentage of shorted shares was 0.00% on October 31.
Additionally, here are a few investment firms who have increased or decreased their stake in (ATV). Tower Research Capital LLC (trc) trimmed its investment by shedding 1 shares a decrease of 1.0% in the quarter. Tower Research Capital LLC (trc) now holds 99 shares worth $1,000. The total value of its holdings decreased 0.0%. As of the end of the quarter Ubs Group Ag had bought 717 shares growing its position 2,868.0%. The value of the investment in (ATV) increased from $0 to $8,000 a change of inf% for the reporting period.
The company is so far trading up by 5.99% since yesterday’s close of 17.37. The most current P/E ratio is N/A and market cap is 66.18M. As of the last earnings report the EPS was $-2.20 with 75.53M shares outstanding.
Acorn International, Inc., launched on December 20, 2005, is a marketing and branding company in China that develops, promotes and sells a portfolio of branded products. The Company?s business is comprised of two main divisions, direct-sales platforms and its nationwide distribution network. The direct-sales business involves marketing and selling products directly to consumers in China through its outbound marketing platform and Internet sales platform. In addition, the Company maintains a nationwide distribution network through which it distributes a select number of its products promoted by the direct-sales platform. The Company?s distribution network covers all provinces in China through more than 29 distributors, and allows us to reach over 2,200 retail outlets across China..Advertisement