Ashtead Group plc (OTCMKTS:ASHTY) Short Interest Update

Ashtead Group plc (OTCMKTS:ASHTY) was the target of a large increase in short interest in December. As of December 31st, there was short interest totalling 300 shares, an increase of 50.0% from the December 15th total of 200 shares. Based on an average daily volume of 88,000 shares, the short-interest ratio is currently 0.0 days.

Ashtead Group Price Performance

Shares of ASHTY stock opened at $247.00 on Wednesday. The firm has a fifty day moving average of $287.81 and a two-hundred day moving average of $287.49. The firm has a market cap of $26.98 billion, a P/E ratio of 17.51, a P/E/G ratio of 1.72 and a beta of 1.69. Ashtead Group has a 1-year low of $235.29 and a 1-year high of $337.95. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.17 and a quick ratio of 1.08.

Ashtead Group Cuts Dividend

The company also recently declared a dividend, which will be paid on Monday, February 24th. Investors of record on Friday, January 10th will be paid a $1.44 dividend. The ex-dividend date is Friday, January 10th. Ashtead Group’s dividend payout ratio (DPR) is 19.70%.

Wall Street Analyst Weigh In

ASHTY has been the topic of a number of recent analyst reports. Royal Bank of Canada upgraded shares of Ashtead Group from a “hold” rating to a “moderate buy” rating in a report on Tuesday, December 3rd. The Goldman Sachs Group downgraded Ashtead Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 10th. Finally, Berenberg Bank upgraded Ashtead Group to a “strong-buy” rating in a report on Thursday, September 19th.

Ashtead Group Company Profile

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.