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ACW: Insiders Vs. Shorts

So it would stand to reason that should some unexpectedly good news come out, and short sellers did not have 11 days of patience but instead wanted to cover their short positions very suddenly, that situation could result in sending the stock higher until the higher price produces enough sellers to generate the necessary volume to close out those positions quickly.

Accuride Corp (ACW) has something relatively rare for a stock with this much short interest, that being insiders taking the other side of the trade. Looking back over the trailing six month period, ACW has seen 2 different instances of insider buying, as summarized by the table below:

Purchased Insider Title Shares Price/Share Value
03/12/2013 John W. Risner Director 10,000 $4.83 $48,313.51
04/26/2013 Opportunities Master Fund LP Littlejohn 122,000 $4.78 $583,466.40
05/02/2013 Richard F. Dauch President & CEO 10,000 $5.14 $51,421.00
06/07/2013 Opportunities Master Fund LP Littlejohn 10,400 $4.88 $50,795.00
06/07/2013 Capital Management, Llc Coliseum 8,688 $4.88 $42,413.44
06/19/2013 Capital Management, Llc Coliseum 53,025 $4.94 $261,788.44

Below is a chart showing the "days to cover" for ACW over time:

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