Ashtead Group plc (OTCMKTS:ASHTY) Sees Large Decline in Short Interest

Ashtead Group plc (OTCMKTS:ASHTY - Get Free Report) was the target of a large decline in short interest during the month of September. As of September 30th, there was short interest totalling 700 shares, a decline of 36.4% from the September 15th total of 1,100 shares. Based on an average daily volume of 14,000 shares, the short-interest ratio is presently 0.1 days.

Wall Street Analysts Forecast Growth

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

Ashtead Group Stock Down 0.4 %

Shares of ASHTY opened at $301.02 on Friday. Ashtead Group has a 52 week low of $221.86 and a 52 week high of $316.06. 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 firm has a market capitalization of $32.91 billion, a price-to-earnings ratio of 21.24, a PEG ratio of 1.78 and a beta of 1.64. The business's fifty day moving average price is $286.42 and its two-hundred day moving average price is $286.45.

Ashtead Group (OTCMKTS:ASHTY - Get Free Report) last posted its quarterly earnings results on Tuesday, September 3rd. The company reported $3.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.85 by $0.03. Ashtead Group had a return on equity of 23.60% and a net margin of 14.94%. The business had revenue of $2.54 billion for the quarter, compared to analyst estimates of $2.74 billion. On average, analysts predict that Ashtead Group will post 15.61 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.