Acorn International, Inc. ADS (NYSE:ATV) Stock Closed Under Its 50 Day Moving Average

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Shares of the company are trading at $14.05 slightly below $14.87, the stock’s 50 day moving average and which is significantly above the 200 day moving average of $12.44. The 50 day moving average was down by -5.4653% and the 200 day average went up by +12.9787%. Trading volume for Acorn International, Inc. ADS was 101 in the last trading session. Overall, volume was down 99.52% under the stocks normal daily volume.

Investors are more bullish on the company as evidenced by the change in short interest. The company saw a fall in short interest of -72.67% as of September 29, 2017 from the last reporting period. Short shares decreased 4,132 over that period. With short interest at 1,554 and short average daily volume at 8,147, days to cover is 0.0 and the percentage of shorted shares was 0.00% on September 29.

Additionally, here are a few investment firms who have increased or decreased their stake in (ATV). As of quarter end Tower Research Capital LLC (trc) had disposed of a total of 1 shares trimming its holdings by 1.0%. The value of the total investment in Acorn International, Inc. ADS went from $1,000 to $1,000 a change of $0 for the reporting period. Ubs Group Ag augmented its position by buying 717 shares an increase of 2,868.0%. Ubs Group Ag controls 742 shares valued at $8,000. The total value of its holdings increased inf%.

Acorn International, Inc. ADS’s P/E ratio is 15.4441 and market cap is 55.22M.

Acorn International, Inc., launched on December 20, 2005, is a marketing and branding company in China that develops, promotes and sells a portfolio of branded products. The Company?s business is comprised of two main divisions, direct-sales platforms and its nationwide distribution network. The direct-sales business involves marketing and selling products directly to consumers in China through its outbound marketing platform and Internet sales platform. In addition, the Company maintains a nationwide distribution network through which it distributes a select number of its products promoted by the direct-sales platform. The Company?s distribution network covers all provinces in China through more than 29 distributors, and allows us to reach over 2,200 retail outlets across China..

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