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

by · The Markets Daily

FLSmidth & Co. A/S (OTCMKTS:FLIDY – Get Free Report) saw 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 trading volume of 670 shares, the short-interest ratio is currently 3.7 days.

Wall Street Analyst Weigh In

Separately, Dnb Carnegie raised FLSmidth & Co. A/S from a “hold” rating to a “strong-buy” rating in a research note 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 company. According to data from MarketBeat, the company presently has an average rating of “Buy”.

Get Our Latest Stock Report on FLSmidth & Co. A/S

FLSmidth & Co. A/S Stock Performance

FLIDY stock remained flat at $9.21 during trading on Friday. The company’s stock had a trading volume of 3 shares, compared to its average volume of 2,651. The firm’s 50 day moving average is $8.33 and its 200 day moving average is $7.96. FLSmidth & Co. A/S has a 52 week low of $6.70 and a 52 week high of $9.49.

FLSmidth & Co. A/S (OTCMKTS:FLIDY – Get Free Report) last announced its 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 business had revenue of $613.53 million for the quarter, compared to analysts’ expectations 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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