Aceto Co. (NASDAQ:ACET) was the target of a large decline in short interest in the month of February. As of February 28th, there was short interest totalling 562,696 shares, a decline of 24.2% from the February 15th total of 742,597 shares. Approximately 2.0% of the company’s shares are short sold. Based on an average daily volume of 14,087,237 shares, the short-interest ratio is currently 0.0 days.
Shares of Aceto stock opened at $0.19 on Friday. The company has a quick ratio of 0.64, a current ratio of 1.00 and a debt-to-equity ratio of 2.65. Aceto has a one year low of $0.14 and a one year high of $7.68.
A number of institutional investors have recently made changes to their positions in the business. California Public Employees Retirement System increased its stake in Aceto by 13.9% in the 4th quarter. California Public Employees Retirement System now owns 166,883 shares of the company’s stock worth $140,000 after purchasing an additional 20,333 shares during the period. Janney Montgomery Scott LLC increased its stake in Aceto by 21.5% in the 3rd quarter. Janney Montgomery Scott LLC now owns 197,450 shares of the company’s stock worth $446,000 after purchasing an additional 35,000 shares during the period. Pacer Advisors Inc. increased its stake in Aceto by 237.3% in the 3rd quarter. Pacer Advisors Inc. now owns 50,838 shares of the company’s stock worth $115,000 after purchasing an additional 35,766 shares during the period. Two Sigma Advisers LP increased its stake in Aceto by 34.0% in the 4th quarter. Two Sigma Advisers LP now owns 282,741 shares of the company’s stock worth $238,000 after purchasing an additional 71,787 shares during the period. Finally, Geode Capital Management LLC increased its stake in Aceto by 41.7% in the 4th quarter. Geode Capital Management LLC now owns 318,513 shares of the company’s stock worth $267,000 after purchasing an additional 93,808 shares during the period. 35.78% of the stock is currently owned by institutional investors and hedge funds.
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Aceto Corporation engages in the development, marketing, sale, and distribution of finished dosage form generic pharmaceuticals, nutraceutical products, pharmaceutical active ingredients and intermediates, specialty performance chemicals, and agricultural protection products. The company operates in three segments: Human Health, Pharmaceutical Ingredients, and Performance Chemicals.
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