Ashtead Group plc (OTCMKTS:ASHTY) Short Interest Update

Ashtead Group plc (OTCMKTS:ASHTY - Get Free Report) was the recipient of a large growth in short interest in March. As of March 15th, there was short interest totalling 4,900 shares, a growth of 1,125.0% from the February 28th total of 400 shares. Based on an average daily trading volume, of 83,800 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company's stock are sold short.

Ashtead Group Price Performance

Shares of Ashtead Group stock traded down $5.35 during midday trading on Friday, reaching $222.50. The company had a trading volume of 9,175 shares, compared to its average volume of 32,025. The company has a current ratio of 1.31, a quick ratio of 1.22 and a debt-to-equity ratio of 1.09. The stock has a fifty day simple moving average of $249.14 and a 200 day simple moving average of $277.82. Ashtead Group has a 1-year low of $222.22 and a 1-year high of $337.95. The company has a market capitalization of $24.14 billion, a price-to-earnings ratio of 15.77, a price-to-earnings-growth ratio of 1.49 and a beta of 1.77.

Ashtead Group (OTCMKTS:ASHTY - Get Free Report) last announced its quarterly earnings results on Tuesday, March 4th. The company reported $3.09 EPS for the quarter, missing analysts' consensus estimates of $3.47 by ($0.38). The firm had revenue of $2.38 billion during the quarter, compared to analyst estimates of $2.16 billion. Ashtead Group had a net margin of 14.78% and a return on equity of 22.65%. As a group, equities research analysts forecast that Ashtead Group will post 15.51 earnings per share for the current year.

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Wall Street Analysts Forecast Growth

ASHTY has been the topic of a number of analyst reports. Morgan Stanley reaffirmed an "overweight" rating on shares of Ashtead Group in a research report on Wednesday, March 5th. Royal Bank of Canada upgraded Ashtead Group from a "hold" rating to a "moderate buy" rating in a report on Tuesday, December 3rd. Finally, The Goldman Sachs Group downgraded shares of Ashtead Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, December 10th. One analyst has rated the stock with a hold rating, one has assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Ashtead Group presently has a consensus 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.