Short Interest in Ashtead Group plc (OTCMKTS:ASHTY) Decreases By 53.1%

Ashtead Group plc (OTCMKTS:ASHTY - Get Free Report) saw a large decline in short interest in 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. Based on an average trading volume of 53,400 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company's stock are short sold.

Analysts Set New Price Targets

Separately, Morgan Stanley restated an "overweight" rating on shares of Ashtead Group in a report on Wednesday, March 5th. One research analyst has rated the stock with a hold rating, one has assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, Ashtead Group currently has a consensus rating of "Buy".

Ashtead Group Stock Up 2.1 %

Shares of ASHTY stock traded up $4.33 on Friday, hitting $211.19. The company's stock had a trading volume of 11,519 shares, compared to its average volume of 46,972. 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 $22.85 billion, a price-to-earnings ratio of 14.97, a P/E/G ratio of 1.49 and a beta of 1.69. Ashtead Group has a fifty-two week low of $186.01 and a fifty-two week high of $337.95. The firm's fifty day moving average price is $230.68 and its 200-day moving average price is $267.88.

Ashtead Group (OTCMKTS:ASHTY - Get Free Report) last issued its quarterly earnings data on Tuesday, March 4th. The company reported $3.09 earnings per share 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 return on equity of 22.65% and a net margin of 14.78%. Research analysts anticipate that Ashtead Group will post 15.51 EPS 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.