Ashtead Group plc (OTCMKTS:ASHTY) Short Interest Update

Ashtead Group plc (OTCMKTS:ASHTY) saw a significant growth in short interest in November. As of November 15th, there was short interest totalling 32,000 shares, a growth of 6,300.0% from the October 31st total of 500 shares. Based on an average daily volume of 83,200 shares, the short-interest ratio is currently 0.4 days.

Ashtead Group Trading Up 1.2 %

OTCMKTS ASHTY opened at $325.83 on Friday. The business’s fifty day moving average is $311.75 and its 200-day moving average is $292.22. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.17 and a quick ratio of 1.08. The stock has a market capitalization of $35.62 billion, a price-to-earnings ratio of 22.99, a PEG ratio of 1.91 and a beta of 1.64. Ashtead Group has a one year low of $240.01 and a one year high of $337.95.

Ashtead Group (OTCMKTS:ASHTY) last posted its quarterly earnings data on Tuesday, September 3rd. The company reported $3.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.85 by $0.03. The business had revenue of $2.54 billion during the quarter, compared to the consensus estimate of $2.74 billion. Ashtead Group had a net margin of 14.94% and a return on equity of 23.60%. Equities research analysts predict that Ashtead Group will post 15.38 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on ASHTY shares. Barclays raised shares of Ashtead Group to a “strong-buy” rating in a research report on Thursday, August 1st. Berenberg Bank raised Ashtead Group to a “strong-buy” rating in a report on Thursday, September 19th.

Ashtead Group Company Profile

Ashtead Group plc, together with its subsidiaries, engages in the construction, industrial, and general equipment rental business in the United States, the United Kingdom, and Canada. It provides pumps, power generation, heating, cooling, scaffolding, traffic management, temporary flooring, trench shoring, and lifting services.