After Reaching Milestone, Is Arcbest Corporation (NASDAQ:ARCB)’s Short Interest Revealing Something?

September 16, 2018 - By Harriett Tippett

ArcBest Corporation (NASDAQ:ARCB) Logo

The stock of Arcbest Corporation (NASDAQ:ARCB) registered an increase of 3.08% in short interest. ARCB’s total short interest was 1.48M shares in September as published by FINRA. Its up 3.08% from 1.43 million shares, reported previously. With 180,100 shares average volume, it will take short sellers 8 days to cover their ARCB’s short positions. The short interest to Arcbest Corporation’s float is 5.87%.

The stock decreased 0.51% or $0.25 during the last trading session, reaching $49.25. About 225,319 shares traded. ArcBest Corporation (NASDAQ:ARCB) has risen 70.66% since September 16, 2017 and is uptrending. It has outperformed by 55.04% the S&P500.

ArcBest Corporation provides freight transportation services and integrated logistics solutions worldwide. The company has market cap of $1.27 billion. The companyÂ’s Asset-Based segment transports general commodities, such as food, textiles, apparel, furniture, appliances, chemicals, nonbulk petroleum products, rubber, plastics, metal and metal products, wood, glass, automotive parts, machinery, and miscellaneous manufactured products through less-than-truckload services. It has a 21.03 P/E ratio. This segment also offers motor carrier freight transportation services to clients in Mexico through arrangements with trucking companies.

ArcBest Corporation (NASDAQ:ARCB) Ratings Coverage

Among 4 analysts covering ArcBest (NASDAQ:ARCB), 0 have Buy rating, 0 Sell and 4 Hold. Therefore 0 are positive. ArcBest had 4 analyst reports since April 3, 2018 according to SRatingsIntel. The company was maintained on Thursday, August 9 by Buckingham Research. Stephens maintained the shares of ARCB in report on Thursday, April 12 with “Hold” rating. The stock of ArcBest Corporation (NASDAQ:ARCB) has “Neutral” rating given on Wednesday, August 1 by Bank of America. Stifel Nicolaus upgraded the stock to “Hold” rating in Tuesday, April 3 report.

Another recent and important ArcBest Corporation (NASDAQ:ARCB) news was published by Globenewswire.com which published an article titled: “Report: Developing Opportunities within Cree, ArcBest, Syros Pharmaceuticals, Aegion, Adecoagro SA, and Nevsun …” on August 29, 2018.

ArcBest Corporation (NASDAQ:ARCB) Ratings Chart

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