FLSmidth & Co. A/S (OTCMKTS:FLIDY) Sees Large Growth in Short Interest

FLSmidth & Co. A/S (OTCMKTS:FLIDY) was the target of a large growth in short interest in September. As of September 15th, there was short interest totaling 2,486 shares, a growth of 302.3% from the August 31st total of 618 shares. Based on an average daily volume of 670 shares, the days-to-cover ratio is currently 3.7 days.

FLSmidth & Co. A/S Stock Performance

Shares of OTCMKTS FLIDY remained flat at $9.21 during mid-day trading on Friday. The company had a trading volume of 14 shares, compared to its average volume of 2,651. FLSmidth & Co. A/S has a 52 week low of $6.70 and a 52 week high of $9.49. The company has a 50 day moving average price of $8.36 and a 200-day moving average price of $7.97.

FLSmidth & Co. A/S (OTCMKTS:FLIDY) last posted its quarterly earnings data on Wednesday, August 19th. The company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.04. The firm had revenue of $613.53 million for the quarter, compared to the consensus estimate of $542.44 million.

Analysts Set New Price Targets

Separately, Dnb Carnegie raised shares of FLSmidth & Co. A/S from a “hold” rating to a “strong-buy” rating in a report on Monday, September 14th. Two equities research analysts have rated the stock with a Strong Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy”.

About FLSmidth & Co. A/S

FLSmidth & Co A/S is a Denmark-based engineering and technology company that develops equipment, systems and services for the mining and cement industries. Its offerings span the production process from raw-material handling and crushing to grinding, separation, pyroprocessing, material transport and waste management.

For mining customers, FLSmidth provides mineral-processing solutions, plant equipment, automation and digital technologies designed to improve productivity, resource efficiency and environmental performance.