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

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

Analyst Ratings Changes

A number of research firms have recently weighed in on ACCV. Wall Street Zen raised shares of Accelevation to a “hold” rating in a research report on Saturday, October 10th. Robert W. Baird began coverage on shares of Accelevation in a research report on Monday, October 26th. They set an “outperform” rating and a $16.00 price target for the company. Zacks Research assumed coverage on shares of Accelevation in a research note on Tuesday. They set a “hold” rating on the stock. Morgan Stanley began coverage on shares of Accelevation in a report on Monday, October 26th. They issued an “equal weight” rating and a $18.00 price objective on the stock. Finally, Wolfe Research assumed coverage on shares of Accelevation in a research note on Monday, October 26th. They set an “outperform” rating for the company. Seven equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $19.43.

Insider Buying and Selling

In related news, COO Brent Jewell acquired 2,500 shares of the stock in a transaction on Thursday, October 1st. The stock was acquired at an average cost of $18.00 per share, for a total transaction of $45,000.00. Following the completion of the acquisition, the chief operating officer directly owned 304,068 shares of the company’s stock, valued at approximately $5,473,224. This represents a 0.83% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Michael Rubiera acquired 200,000 shares of the business’s stock in a transaction on Thursday, October 1st. The shares were purchased at an average cost of $18.00 per share, for a total transaction of $3,600,000.00. Following the completion of the transaction, the chief executive officer owned 1,424,285 shares in the company, valued at approximately $25,637,130. This represents a 16.34% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders purchased 227,700 shares of company stock valued at $4,098,600 over the last quarter.

Accelevation Price Performance

ACCV stock traded down $0.71 during trading on Friday, hitting $14.48. 2,165,401 shares of the stock traded hands, compared to its average volume of 1,633,664. Accelevation has a 1 year low of $11.58 and a 1 year high of $18.10.

About Accelevation

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