Short Interest in FLSmidth & Co. A/S (OTCMKTS:FLIDY) Increases By 3,000.0%

FLSmidth & Co. A/S (OTCMKTS:FLIDY) saw a large growth in short interest in the month of June. As of June 15th, there was short interest totaling 310 shares, a growth of 3,000.0% from the May 31st total of 10 shares. Based on an average daily trading volume, of 1,010 shares, the short-interest ratio is presently 0.3 days.

FLSmidth & Co. A/S Price Performance

FLSmidth & Co. A/S stock opened at $7.50 on Friday. The company has a fifty day simple moving average of $7.71 and a 200-day simple moving average of $7.97. FLSmidth & Co. A/S has a 12-month low of $6.07 and a 12-month high of $9.20.

FLSmidth & Co. A/S (OTCMKTS:FLIDY) last issued its earnings results on Wednesday, May 13th. The company reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.12. The firm had revenue of $513.62 million for the quarter, compared to analyst estimates of $566.52 million.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on FLIDY shares. Zacks Research upgraded FLSmidth & Co. A/S to a “hold” rating in a research note on Friday, April 17th. Barclays upgraded FLSmidth & Co. A/S from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 31st. Finally, UBS Group raised FLSmidth & Co. A/S from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 19th. One analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy”.

About FLSmidth & Co. A/S

FLSmidth & Co A/S is a Denmark‐based engineering group founded in 1882 by Frederik Læssøe Smidth. The company specializes in the design, manufacture and installation of equipment and services for the global cement and mining industries. Headquartered in Copenhagen, FLSmidth has built a reputation for supplying end‐to‐end solutions that support both greenfield and brownfield projects worldwide.

FLSmidth’s core offerings include crushing, grinding, separation and pyro‐processing equipment, as well as material handling systems and pumps.