Short Interest Update on AAC Holdings (AAC)

AAC Holdings (AAC) : The bears are holding on to their shorts in Accenture Plc with 21 more days remaining for them to cover their positions. The bearish positions have increased from 4,713,685 on Jul 29, 2016, to 4,727,703, on August 15, 2016. Daily, 222,814 shares are traded, which shows the high interest of the traders in the stock. The net addition of short open interest is 14,018 shares, which is an increase of just 0.3%. The total short interest of 42.8% of the float indicates that there arent many bears on this stock at the current prices. The short interest information was released on Wednesday Aug 24th after the market close.

AAC Holdings (NYSE:AAC): The stock opened at $18.75 on Wednesday but the bulls could not build on the opening and the stock topped out at $19.01 for the day. The stock traded down to $18.11 during the day, due to lack of any buying support eventually closed down at $18.45 with a loss of -1.65% for the day. The stock had closed at $18.76 on the previous day. The total traded volume was 180,142 shares.


In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Aac Holdings, Inc., Freeman Darrell S., had purchased 2,500 shares in a transaction dated on August 12, 2016. The transaction was executed at $17.45 per share with total amount equaling $43,625.

AAC Holdings, Inc. is a provider of inpatient substance abuse treatment services for individuals with drug and alcohol addiction. The Company operates approximately seven residential substance abuse treatment facilities and one outpatient substance abuse treatment facility. Its substance abuse treatment facilities are located throughout the United States, focused on delivering clinical care and treatment solutions across its approximately 560 beds, which includes approximately 378 licensed detoxification beds. It has made investments in its treatment facilities. The Company provides care to adults and adolescents struggling with alcohol and/or drug abuse and dependence, as well as co-occurring mental health issues. The Company offers various treatment services, which include detoxification, residential treatment, partial hospitalization and intensive outpatient services.

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