Short Interest in FLSmidth & Co. A/S (OTCMKTS:FLIDY) Grows By 3,000.0%

FLSmidth & Co. A/S (OTCMKTS:FLIDY) was the target of a significant growth in short interest in June. As of June 15th, there was short interest totaling 310 shares, a growth of 3,000.0% from the May 31st total of 10 shares. Based on an average daily volume of 1,010 shares, the short-interest ratio is presently 0.3 days.

FLSmidth & Co. A/S Price Performance

OTCMKTS FLIDY remained flat at $7.50 during trading hours on Thursday. 1 shares of the company’s stock were exchanged, compared to its average volume of 3,540. The company has a 50 day moving average of $7.73 and a 200-day moving average of $7.97. FLSmidth & Co. A/S has a 1 year low of $6.07 and a 1 year high of $9.20.

FLSmidth & Co. A/S (OTCMKTS:FLIDY) last announced its quarterly earnings results on Wednesday, May 13th. The company reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.12. The company had revenue of $513.62 million for the quarter, compared to analyst estimates of $566.52 million.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Barclays raised FLSmidth & Co. A/S from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 31st. Zacks Research raised FLSmidth & Co. A/S to a “hold” rating in a research report on Friday, April 17th. Finally, UBS Group upgraded FLSmidth & Co. A/S from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 19th. One research analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

FLSmidth & Co. A/S Company Profile

FLSmidth & Co A/S is a Denmark?based engineering group founded in 1882 by Frederik Læssøe Smidth. The company specializes in the design, manufacture and installation of equipment and services for the global cement and mining industries. Headquartered in Copenhagen, FLSmidth has built a reputation for supplying end?to?end solutions that support both greenfield and brownfield projects worldwide.

FLSmidth’s core offerings include crushing, grinding, separation and pyro?processing equipment, as well as material handling systems and pumps.