Ashtead Group plc (OTCMKTS:ASHTY) Short Interest Update

Ashtead Group plc (OTCMKTS:ASHTY - Get Free Report) was the recipient of a large decrease in short interest during the month of April. As of April 15th, there was short interest totalling 200 shares, a decrease of 91.3% from the March 31st total of 2,300 shares. Approximately 0.0% of the company's shares are sold short. Based on an average trading volume of 173,800 shares, the days-to-cover ratio is presently 0.0 days.

Ashtead Group Stock Down 2.6 %

OTCMKTS:ASHTY traded down $5.76 during midday trading on Tuesday, reaching $217.34. The company had a trading volume of 29,098 shares, compared to its average volume of 46,294. The stock's fifty day simple moving average is $226.06 and its 200-day simple moving average is $264.12. The company has a current ratio of 1.31, a quick ratio of 1.22 and a debt-to-equity ratio of 1.09. Ashtead Group has a 12-month low of $186.01 and a 12-month high of $337.95. The firm has a market capitalization of $23.49 billion, a price-to-earnings ratio of 15.40, a PEG ratio of 1.49 and a beta of 1.69.

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

Wall Street Analyst Weigh In

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

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.