Short Interest in Ashtead Group plc (OTCMKTS:ASHTY) Decreases By 91.3%

Ashtead Group plc (OTCMKTS:ASHTY - Get Free Report) was the recipient of a significant 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 short sold. Based on an average trading volume of 173,800 shares, the short-interest ratio is currently 0.0 days.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Morgan Stanley restated an "overweight" rating on shares of Ashtead Group in a research report on Wednesday, March 5th. Royal Bank of Canada lowered shares of Ashtead Group from a "moderate buy" rating to a "hold" rating in a report on Tuesday. Two equities research analysts have rated the stock with a hold rating, one has issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, Ashtead Group currently has a consensus rating of "Buy".

Ashtead Group Trading Down 1.0 %

OTCMKTS ASHTY traded down $2.20 on Wednesday, reaching $215.14. The stock had a trading volume of 51,618 shares, compared to its average volume of 46,198. The company has a quick ratio of 1.22, a current ratio of 1.31 and a debt-to-equity ratio of 1.09. The stock has a fifty day moving average price of $225.34 and a two-hundred day moving average price of $263.54. 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 $23.25 billion, a price-to-earnings ratio of 15.25, a P/E/G ratio of 1.49 and a beta of 1.69.

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

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.