Ashtead Group plc (OTCMKTS:ASHTY) Short Interest Update

Ashtead Group plc (OTCMKTS:ASHTY - Get Free Report) was the target of a significant decrease in short interest in October. As of October 15th, there was short interest totalling 100 shares, a decrease of 85.7% from the September 30th total of 700 shares. Based on an average daily volume of 12,000 shares, the days-to-cover ratio is presently 0.0 days.

Analyst Upgrades and Downgrades

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

Ashtead Group Stock Down 1.6 %

ASHTY traded down $5.10 during midday trading on Friday, hitting $305.40. 8,100 shares of the company's stock traded hands, compared to its average volume of 12,476. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.17 and a quick ratio of 1.08. The company has a market cap of $33.39 billion, a PE ratio of 20.95, a price-to-earnings-growth ratio of 1.78 and a beta of 1.64. Ashtead Group has a one year low of $221.86 and a one year high of $316.06. The stock's fifty day simple moving average is $294.55 and its 200-day simple moving average is $287.82.

Ashtead Group (OTCMKTS:ASHTY - Get Free Report) last released its quarterly earnings data on Tuesday, September 3rd. The company reported $3.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.85 by $0.03. The business had revenue of $2.54 billion during the quarter, compared to analyst estimates of $2.74 billion. Ashtead Group had a net margin of 14.94% and a return on equity of 23.60%. As a group, equities analysts anticipate that Ashtead Group will post 15.61 earnings per share for the current fiscal 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.