Accuride Corporation New June 15th Short Interest Update

Accuride Corporation New (NYSE:ACW), A drop of 240,761 shares or 12.9% was seen in the short interest of Accuride Corp. Even as the interest dropped from 1,860,798 shares on May 31,2016 to 1,620,037 shares on June 15,2016, the days to cover came in at 10. The updated interest stood at 4.2% of the stocks floats. The stock has seen an average daily volume of 165,727 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Accuride Corporation New (NYSE:ACW): The stock opened at $1.36 on Friday but the bulls could not build on the opening and the stock topped out at $1.40 for the day. The stock traded down to $1.29 during the day, due to lack of any buying support eventually closed down at $1.32 with a loss of -8.33% for the day. The stock had closed at $1.44 on the previous day. The total traded volume was 3,527,610 shares.

The company shares have dropped -65.54% from its 1 Year high price. On Jul 28, 2015, the shares registered one year high at $4.19 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $1.52 and the 200 Day Moving Average price is recorded at $1.44.

Accuride Corporation New (NYSE:ACW) has tumbled 7.69% during the past week and has dropped 16.98% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 6.16%. Accuride Corporation New (NYSE:ACW) has underperformed the index by 14.47% in the last 4 weeks. Investors should watch out for further signals and trade with caution.

Accuride Corporation is a manufacturer and supplier of commercial vehicle components in North America. The Companys three segments are Wheels, Gunite and Brillion Iron Works. The Wheels segments products primarily consist of steel and aluminum wheels. The Gunite segments products consist primarily of wheel-end components and assemblies. The Brillion Iron Works segments products primarily consist of ductile, austempered ductile and gray iron castings, including engine and transmission components and industrial components. It classifies its products as wheels, wheel-end components and assemblies, and ductile and gray iron castings. The Company markets its products under a number of brand names, including Accuride, Gunite, and Brillion. It serves original equipment manufacturers (OEMs) and their related aftermarket channels in the commercial vehicle market, including heavy-and medium-duty trucks, commercial trailers, light trucks, buses, as well as specialty and military vehicles.

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