ATCO Ltd. (OTCMKTS:ACLLF – Get Free Report) saw a significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 357,003 shares, a growth of 69.1% from the June 30th total of 211,096 shares. Based on an average daily trading volume, of 41,701 shares, the days-to-cover ratio is presently 8.6 days.
Analyst Upgrades and Downgrades
Several equities research analysts recently commented on the stock. BMO Capital Markets reaffirmed an “outperform” rating on shares of ATCO in a research report on Thursday. TD Securities restated a “hold” rating on shares of ATCO in a report on Friday, May 8th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of ATCO in a research report on Friday, July 17th. Royal Bank Of Canada reiterated a “sector perform” rating on shares of ATCO in a report on Thursday. Finally, Scotiabank reiterated a “sector perform” rating on shares of ATCO in a report on Tuesday, July 21st. Two equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold”.
View Our Latest Stock Analysis on ATCO
ATCO Trading Down 1.7%
About ATCO
ATCO Ltd. is a diversified Canadian holding company headquartered in Calgary, Alberta, with operations spanning structures and logistics, utilities, energy, and retail energy services. Through its Structures & Logistics division, ATCO designs, manufactures and rents modular buildings, workforce housing and specialized structures for industrial, military and commercial clients. Its Utilities business encompasses electricity generation, transmission and distribution, as well as natural gas transmission and distribution networks that serve residential, commercial and industrial customers across multiple regions.
In its Energy division, ATCO develops and operates oil sands cold flow projects, power generation facilities and natural gas liquids pipelines, offering integrated solutions to the upstream and midstream sectors.
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