FLSmidth & Co. A/S (OTCMKTS:FLIDY) Shares Shorted: Short Interest Up 302.3% in September

FLSmidth & Co. A/S (OTCMKTS:FLIDY – Get Free Report) was the target of a large increase in short interest in the month of September. As of September 15th, there was short interest totaling 2,486 shares, an increase of 302.3% from the August 31st total of 618 shares. Based on an average daily volume of 670 shares, the days-to-cover ratio is presently 3.7 days.

Analyst Ratings Changes

Separately, Dnb Carnegie raised shares of FLSmidth & Co. A/S from a “hold” rating to a “strong-buy” rating in a report on Monday, September 14th. Two research analysts have rated the stock with a Strong Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, FLSmidth & Co. A/S currently has an average rating of “Buy”.

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FLSmidth & Co. A/S Stock Performance

Shares of FLIDY remained flat at $9.21 during trading hours on Friday. The stock had a trading volume of 3 shares, compared to its average volume of 2,651. FLSmidth & Co. A/S has a 1 year low of $6.70 and a 1 year high of $9.49. The company’s 50-day moving average is $8.33 and its 200 day moving average is $7.96.

FLSmidth & Co. A/S (OTCMKTS:FLIDY – Get Free Report) last posted its quarterly earnings results on Wednesday, August 19th. The company reported $0.13 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.04. The firm had revenue of $613.53 million for the quarter, compared to the consensus estimate of $542.44 million.

About FLSmidth & Co. A/S

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FLSmidth & Co A/S is a Denmark-based engineering and technology company that develops equipment, systems and services for the mining and cement industries. Its offerings span the production process from raw-material handling and crushing to grinding, separation, pyroprocessing, material transport and waste management.

For mining customers, FLSmidth provides mineral-processing solutions, plant equipment, automation and digital technologies designed to improve productivity, resource efficiency and environmental performance.

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