Ashtead Group plc (OTCMKTS:ASHTY) Sees Significant Decline in Short Interest

Ashtead Group plc (OTCMKTS:ASHTY) was the target of a significant decrease in short interest during the month of June. As of June 30th, there was short interest totalling 700 shares, a decrease of 87.9% from the June 15th total of 5,800 shares. Based on an average daily trading volume, of 37,300 shares, the short-interest ratio is presently 0.0 days.

Ashtead Group Price Performance

Shares of OTCMKTS ASHTY traded up $5.99 during mid-day trading on Friday, reaching $269.84. The company’s stock had a trading volume of 21,125 shares, compared to its average volume of 16,959. The stock has a 50-day moving average of $286.05 and a two-hundred day moving average of $279.31. The stock has a market capitalization of $29.50 billion, a P/E ratio of 18.51, a P/E/G ratio of 1.52 and a beta of 1.63. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.24 and a current ratio of 1.36. Ashtead Group has a 1-year low of $221.86 and a 1-year high of $316.06.

Ashtead Group (OTCMKTS:ASHTY) last issued its earnings results on Tuesday, June 18th. The company reported $3.15 EPS for the quarter, missing analysts’ consensus estimates of $3.17 by ($0.02). The business had revenue of $2.63 billion during the quarter, compared to analyst estimates of $2.35 billion. Ashtead Group had a net margin of 15.61% and a return on equity of 25.53%. On average, equities research analysts anticipate that Ashtead Group will post 15.67 EPS for the current fiscal year.

Ashtead Group Increases Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, September 25th. Stockholders of record on Friday, August 9th will be given a $3.52 dividend. This is a boost from Ashtead Group’s previous dividend of $0.58. The ex-dividend date of this dividend is Friday, August 9th. Ashtead Group’s dividend payout ratio is 7.89%.

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.