Ashtead Group plc (OTCMKTS:ASHTY) Short Interest Down 87.9% in June

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

Ashtead Group Stock Up 2.3 %

OTCMKTS ASHTY traded up $5.99 during trading hours on Friday, hitting $269.84. The company’s stock had a trading volume of 21,125 shares, compared to its average volume of 16,959. Ashtead Group has a 52 week low of $221.86 and a 52 week high of $316.06. The company has a market capitalization of $29.50 billion, a PE ratio of 18.51, a price-to-earnings-growth ratio of 1.52 and a beta of 1.63. The company has a current ratio of 1.36, a quick ratio of 1.24 and a debt-to-equity ratio of 1.24. The company’s 50-day simple moving average is $286.05 and its two-hundred day simple moving average is $279.31.

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

Ashtead Group Increases Dividend

The firm also recently declared a dividend, which will be paid on Wednesday, September 25th. Investors 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 (DPR) is presently 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.