FLSmidth & Co. A/S (OTCMKTS:FLIDY) Sees Large Growth in Short Interest

FLSmidth & Co. A/S (OTCMKTS:FLIDY) was the target of a significant growth in short interest during the month of October. As of October 15th, there was short interest totaling 278 shares. Based on an average daily volume of 57 shares, the days-to-cover ratio is presently 4.9 days.

Wall Street Analysts Forecast Growth

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

FLSmidth & Co. A/S Price Performance

Shares of FLSmidth & Co. A/S stock opened at $8.27 on Monday. FLSmidth & Co. A/S has a fifty-two week low of $6.70 and a fifty-two week high of $9.49. The business’s fifty day moving average is $8.91 and its two-hundred day moving average is $8.23.

FLSmidth & Co. A/S (OTCMKTS:FLIDY) last announced its quarterly earnings results on Wednesday, August 19th. The company reported $0.13 earnings per share 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 analyst estimates of $542.44 million.

About FLSmidth & Co. A/S

FLSmidth & Co A/S is a Denmark-based engineering and technology company that provides equipment, systems, services and digital solutions for the global mining industry. Its offerings are designed to support the processing of minerals and metals, with applications spanning crushing, grinding, separation, material handling, pyroprocessing, filtration and tailings management.

The company supplies individual machines as well as integrated plant solutions and lifecycle services, including maintenance, upgrades, process optimization and automation.