Short Interest in ATCO Ltd. (OTCMKTS:ACLLF) Declines By 35.8%

ATCO Ltd. (OTCMKTS:ACLLF) was the target of a significant decrease in short interest in the month of September. As of September 30th, there was short interest totaling 394,800 shares, a decrease of 35.8% from the September 15th total of 615,100 shares. Based on an average daily trading volume, of 2,800 shares, the short-interest ratio is currently 141.0 days. Based on an average daily trading volume, of 2,800 shares, the short-interest ratio is currently 141.0 days.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Scotiabank reaffirmed a “sector perform” rating on shares of ATCO in a research note on Monday, October 6th. CIBC reaffirmed an “outperform” rating on shares of ATCO in a research note on Tuesday. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

ATCO Price Performance

ACLLF stock opened at $38.29 on Wednesday. ATCO has a 1 year low of $30.79 and a 1 year high of $38.29. The firm has a 50-day moving average of $36.13 and a 200 day moving average of $36.50.

ATCO Increases Dividend

The business also recently declared a dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, September 5th were paid a $0.3683 dividend. The ex-dividend date of this dividend was Thursday, September 4th. This is an increase from ATCO’s previous dividend of $0.36. This represents a yield of 403.0%. ATCO’s payout ratio is currently 24.22%.

ATCO Company Profile

ATCO Ltd., together with its subsidiaries, engages in the provision of energy, logistics and transportation, water, food and agriculture, real estate, and shelter services in Canada, Australia, and internationally. The company engages in the electricity and natural gas transmission and distribution, and international electricity operations; energy storage, electricity generation, industrial water solutions, and clean fuels; and electricity and natural gas retail sales, and whole-home solutions.