Ashtead Group plc (OTCMKTS:ASHTY) Short Interest Update

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

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Morgan Stanley reaffirmed 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 research report on Tuesday. Two equities research analysts have rated the stock with a hold rating, one has given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Ashtead Group has an average rating of "Buy".

Ashtead Group Trading Down 1.0 %

Shares of OTCMKTS:ASHTY traded down $2.20 on Thursday, reaching $215.14. 51,618 shares of the company traded hands, compared to its average volume of 46,358. The business's 50-day simple moving average is $224.71 and its 200 day simple moving average is $263.21. Ashtead Group has a 52 week low of $186.01 and a 52 week high of $337.95. The stock has a market capitalization of $23.25 billion, a P/E ratio of 15.25, a price-to-earnings-growth ratio of 1.49 and a beta of 1.69. 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 (OTCMKTS:ASHTY - Get Free Report) last posted its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $2.16 billion. Ashtead Group had a net margin of 14.78% and a return on equity of 22.65%. As a group, equities analysts anticipate that Ashtead Group will post 15.51 EPS 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.