Ashtead Group plc (OTCMKTS:ASHTY) Short Interest Up 6,300.0% in November

Ashtead Group plc (OTCMKTS:ASHTY) was the recipient of a large 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 trading volume of 83,200 shares, the days-to-cover ratio is presently 0.4 days.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on ASHTY. Barclays raised Ashtead Group to a “strong-buy” rating in a report on Thursday, August 1st. Berenberg Bank raised Ashtead Group to a “strong-buy” rating in a report on Thursday, September 19th.

Ashtead Group Trading Up 1.2 %

Shares of Ashtead Group stock opened at $325.83 on Thursday. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.08 and a current ratio of 1.17. The company has a market capitalization of $35.62 billion, a P/E ratio of 22.99, a PEG ratio of 1.91 and a beta of 1.64. Ashtead Group has a 1 year low of $240.01 and a 1 year high of $337.95. The company’s fifty day moving average is $311.44 and its two-hundred day moving average is $291.98.

Ashtead Group (OTCMKTS:ASHTY) last released its quarterly earnings results 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 firm had revenue of $2.54 billion for the quarter, compared to analyst estimates of $2.74 billion. Ashtead Group had a return on equity of 23.60% and a net margin of 14.94%. Analysts forecast that Ashtead Group will post 15.38 earnings per share for the current year.

About Ashtead Group

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.