ATS Co. (NYSE:ATS) Sees Large Increase in Short Interest

ATS Co. (NYSE:ATS - Get Free Report) saw a significant increase in short interest in November. As of November 30th, there was short interest totalling 3,800,000 shares, an increase of 10.1% from the November 15th total of 3,450,000 shares. Based on an average daily volume of 155,500 shares, the days-to-cover ratio is presently 24.4 days. Currently, 3.9% of the company's stock are sold short.

ATS Stock Up 1.3 %

ATS stock traded up $0.39 during trading hours on Friday, reaching $31.39. The stock had a trading volume of 83,370 shares, compared to its average volume of 112,660. The company has a market cap of $3.07 billion, a price-to-earnings ratio of 32.70 and a beta of 1.15. The business's 50 day moving average price is $30.46 and its 200-day moving average price is $29.94. ATS has a 52 week low of $24.82 and a 52 week high of $44.70. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.08 and a quick ratio of 1.71.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. The Manufacturers Life Insurance Company grew its holdings in ATS by 135.2% in the second quarter. The Manufacturers Life Insurance Company now owns 3,240,430 shares of the company's stock worth $104,707,000 after purchasing an additional 1,862,912 shares during the last quarter. Nicola Wealth Management LTD. acquired a new position in ATS during the 3rd quarter valued at about $11,071,000. Allspring Global Investments Holdings LLC purchased a new stake in ATS in the second quarter valued at about $11,602,000. Principal Financial Group Inc. boosted its holdings in ATS by 77.8% in the second quarter. Principal Financial Group Inc. now owns 639,540 shares of the company's stock worth $20,691,000 after acquiring an additional 279,880 shares in the last quarter. Finally, Intact Investment Management Inc. purchased a new stake in shares of ATS during the third quarter worth about $7,777,000. Institutional investors own 75.84% of the company's stock.

About ATS

ATS Corporation, together with its subsidiaries, provides automation solutions worldwide. The company is also involved in planning, designing, building, commissioning, and servicing automated manufacturing and assembly systems, including automation products and test solutions. In addition, it offers pre-automation services comprising discovery and analysis, concept development, simulation, and total cost of ownership modelling; post automation services, including training, process optimization, preventative maintenance, emergency and on-call support, spare parts, retooling, retrofits, and equipment relocation; and contract manufacturing services, as well as after sales and services.