Acacia Research Co. (NASDAQ:ACTG – Get Free Report) saw a large increase in short interest in September. As of September 30th, there was short interest totalling 1,070,000 shares, an increase of 17.5% from the September 15th total of 910,600 shares. Based on an average trading volume of 338,200 shares, the days-to-cover ratio is currently 3.2 days.
Analysts Set New Price Targets
Separately, StockNews.com lowered Acacia Research from a “hold” rating to a “sell” rating in a report on Friday, October 11th.
Read Our Latest Report on ACTG
Institutional Trading of Acacia Research
Acacia Research Price Performance
Shares of Acacia Research stock opened at $4.52 on Wednesday. The company has a current ratio of 11.17, a quick ratio of 10.90 and a debt-to-equity ratio of 0.14. The firm has a fifty day simple moving average of $4.67 and a 200-day simple moving average of $5.02. The stock has a market capitalization of $452.10 million, a price-to-earnings ratio of 12.56 and a beta of 0.52. Acacia Research has a 1-year low of $3.43 and a 1-year high of $5.74.
Acacia Research (NASDAQ:ACTG – Get Free Report) last released its quarterly earnings results on Thursday, August 8th. The business services provider reported ($0.02) earnings per share (EPS) for the quarter. The firm had revenue of $25.84 million for the quarter. Acacia Research had a net margin of 44.42% and a return on equity of 12.00%.
Acacia Research Company Profile
Acacia is a publicly traded (Nasdaq: ACTG) company that is focused on acquiring and operating businesses across the industrial, energy and technology sectors where it believes it can leverage its expertise, significant capital base, and deep industry relationships to drive value. Acacia evaluates opportunities based on the attractiveness of the underlying cash flows, without regard to a specific investment horizon.
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