Ashtead Group plc (OTCMKTS:ASHTY) Short Interest Update

Ashtead Group plc (OTCMKTS:ASHTY) was the recipient of a large decline in short interest in the month of March. As of March 31st, there was short interest totalling 2,300 shares, a decline of 53.1% from the March 15th total of 4,900 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 53,400 shares, the days-to-cover ratio is presently 0.0 days.

Ashtead Group Trading Down 1.4 %

OTCMKTS ASHTY opened at $206.86 on Thursday. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.31 and a quick ratio of 1.22. The stock has a market capitalization of $22.40 billion, a P/E ratio of 14.66, a PEG ratio of 1.49 and a beta of 1.69. The firm’s 50-day moving average is $232.35 and its two-hundred day moving average is $269.22. Ashtead Group has a 12 month low of $186.01 and a 12 month high of $337.95.

Ashtead Group (OTCMKTS:ASHTY) last issued its quarterly earnings data on Tuesday, March 4th. The company reported $3.09 EPS for the quarter, missing the consensus estimate of $3.47 by ($0.38). Ashtead Group had a return on equity of 22.65% and a net margin of 14.78%. The company had revenue of $2.38 billion during the quarter, compared to analyst estimates of $2.16 billion. On average, sell-side analysts anticipate that Ashtead Group will post 15.51 earnings per share for the current year.

Analyst Ratings Changes

Separately, Morgan Stanley reissued an “overweight” rating on shares of Ashtead Group in a research note on Wednesday, March 5th. One investment analyst has rated the stock with a hold rating, one has issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy”.

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.