Short Interest in Ashtead Group plc (OTCMKTS:ASHTY) Declines By 87.9%

Ashtead Group plc (OTCMKTS:ASHTY) saw a significant drop in short interest during the month of 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 daily volume of 37,300 shares, the short-interest ratio is presently 0.0 days.

Ashtead Group Stock Up 2.3 %

ASHTY traded up $5.99 during trading hours on Thursday, hitting $269.84. 21,125 shares of the company’s stock were exchanged, compared to its average volume of 14,623. The stock has a market cap of $29.50 billion, a price-to-earnings ratio of 18.51, a PEG ratio of 1.52 and a beta of 1.63. Ashtead Group has a 1-year low of $221.86 and a 1-year high of $316.06. The stock’s 50-day moving average is $286.45 and its two-hundred day moving average is $279.38. The company has a quick ratio of 1.24, a current ratio of 1.36 and a debt-to-equity ratio of 1.24.

Ashtead Group (OTCMKTS:ASHTY) last posted its quarterly earnings data 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 for the quarter, compared to analyst estimates of $2.35 billion. Ashtead Group had a return on equity of 25.53% and a net margin of 15.61%. Sell-side analysts predict that Ashtead Group will post 15.67 earnings per share for the current fiscal year.

Ashtead Group Increases Dividend

The business also recently declared a dividend, which will be paid on Wednesday, September 25th. Shareholders of record on Friday, August 9th will be paid a $3.52 dividend. This is an increase 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 currently 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.