Aceto (ACET) Reaches $15.39 After 6.00% Down Move; Rentech (RTK) Shorts Lowered By 1.98%

June 27, 2017 - By Michael Collier

The stock of Aceto Corporation (NASDAQ:ACET) is a huge mover today! About 56,582 shares traded. Aceto Corporation (NASDAQ:ACET) has declined 30.78% since June 27, 2016 and is downtrending. It has underperformed by 47.48% the S&P500.The move comes after 6 months negative chart setup for the $477.09M company. It was reported on Jun, 27 by Barchart.com. We have $14.47 PT which if reached, will make NASDAQ:ACET worth $28.63M less.

Rentech Incorporated (NASDAQ:RTK) had a decrease of 1.98% in short interest. RTK’s SI was 1.00 million shares in June as released by FINRA. Its down 1.98% from 1.02 million shares previously. With 285,300 avg volume, 4 days are for Rentech Incorporated (NASDAQ:RTK)’s short sellers to cover RTK’s short positions. The SI to Rentech Incorporated’s float is 5.91%. About 8,578 shares traded. Rentech, Inc. (NASDAQ:RTK) has declined 81.43% since June 27, 2016 and is downtrending. It has underperformed by 98.13% the S&P500.

Rentech, Inc. is a provider of wood fiber processing services, wood chips and wood pellets. The company has market cap of $10.19 million. The Company’s processing business includes Fulghum Fibres, Inc. , which operates approximately 30 wood chipping mills in the United States and South America. It currently has negative earnings. The Firm provides wood yard activities services.

Investors sentiment decreased to 1.14 in 2016 Q4. Its down 0.08, from 1.22 in 2016Q3. It worsened, as 19 investors sold Aceto Corporation shares while 37 reduced holdings. 20 funds opened positions while 44 raised stakes. 24.92 million shares or 0.11% more from 24.89 million shares in 2016Q3 were reported. Aqr Ltd Liability invested in 34,991 shares. Legal & General Grp Inc Public Ltd holds 49,914 shares or 0% of its portfolio. Prudential Fin reported 0% of its portfolio in Aceto Corporation (NASDAQ:ACET). State Of Alaska Department Of Revenue holds 0.01% of its portfolio in Aceto Corporation (NASDAQ:ACET) for 3,210 shares. Riverhead Cap Mngmt Ltd has 1,200 shares for 0% of their portfolio. Champlain Inv Ptnrs Lc holds 0.38% or 1.24 million shares in its portfolio. 60,007 are owned by California State Teachers Retirement Sys. Geode Capital Management Limited Liability Co reported 0% of its portfolio in Aceto Corporation (NASDAQ:ACET). Janney Montgomery Scott Llc invested in 0.01% or 24,950 shares. Swiss National Bank & Trust stated it has 47,900 shares or 0% of all its holdings. Price T Rowe Associate Inc Md stated it has 29,180 shares or 0% of all its holdings. New Amsterdam Prtnrs Llc New York invested in 104,246 shares. Blackrock Group Inc has invested 0% in Aceto Corporation (NASDAQ:ACET). Invesco Limited holds 0% or 100,742 shares. Tudor Inv Et Al accumulated 0.01% or 15,200 shares.