Ashtead Group plc (OTCMKTS:ASHTY) Short Interest Up 6,300.0% in November

Ashtead Group plc (OTCMKTS:ASHTY) was the recipient of a significant growth in short interest during the month of November. As of November 15th, there was short interest totalling 32,000 shares, a growth of 6,300.0% from the October 31st total of 500 shares. Based on an average trading volume of 83,200 shares, the short-interest ratio is currently 0.4 days.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Berenberg Bank raised Ashtead Group to a “strong-buy” rating in a research note on Thursday, September 19th. Barclays raised shares of Ashtead Group to a “strong-buy” rating in a research note on Thursday, August 1st.

Ashtead Group Trading Up 1.2 %

ASHTY opened at $325.83 on Thursday. The company has a quick ratio of 1.08, a current ratio of 1.17 and a debt-to-equity ratio of 1.08. The firm has a market cap of $35.62 billion, a P/E ratio of 22.99, a P/E/G ratio of 1.91 and a beta of 1.64. Ashtead Group has a 52 week low of $240.01 and a 52 week high of $337.95. The business has a fifty day simple moving average of $311.44 and a 200-day simple moving average of $291.98.

Ashtead Group (OTCMKTS:ASHTY) last announced 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. 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 analysts’ expectations of $2.74 billion. On average, equities analysts expect that Ashtead Group will post 15.38 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.