Ashtead Group plc (OTCMKTS:ASHTY) Short Interest Update

Ashtead Group plc (OTCMKTS:ASHTY - Get Free Report) was the recipient of a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 4,900 shares, a growth of 1,125.0% from the February 28th total of 400 shares. Currently, 0.0% of the company's stock are sold short. Based on an average trading volume of 83,800 shares, the days-to-cover ratio is presently 0.1 days.Get Ashtead Group alerts:Ashtead Group Stock PerformanceShares of OTCMKTS ASHTY traded down $4.81 during midday trading on Wednesday, hitting $227.42. The company's stock had a trading volume of 9,673 shares, compared to its average volume of 32,729. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.22 and a current ratio of 1.31. The firm's fifty day moving average price is $251.09 and its 200-day moving average price is $278.95. Ashtead Group has a 1-year low of $222.43 and a 1-year high of $337.95. The firm has a market cap of $24.70 billion, a P/E ratio of 16.12, a P/E/G ratio of 1.49 and a beta of 1.77. Ashtead Group (OTCMKTS:ASHTY - Get Free Report) last announced its quarterly earnings results on Tuesday, March 4th. The company reported $3.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.47 by ($0.38). The company had revenue of $2.38 billion during the quarter, compared to the consensus estimate of $2.16 billion. Ashtead Group had a return on equity of 22.65% and a net margin of 14.78%. On average, sell-side analysts forecast that Ashtead Group will post 15.51 EPS for the current fiscal year. Wall Street Analysts Forecast GrowthSeveral equities research analysts have recently weighed in on ASHTY shares. The Goldman Sachs Group lowered shares of Ashtead Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, December 10th. Royal Bank of Canada upgraded Ashtead Group from a "hold" rating to a "moderate buy" rating in a research note on Tuesday, December 3rd. Finally, Morgan Stanley reiterated an "overweight" rating on shares of Ashtead Group in a research report on Wednesday, March 5th. One analyst has rated the stock with a hold rating, one has assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, Ashtead Group currently has an average rating of "Buy".Get Our Latest Research Report on ASHTYAbout Ashtead Group (Get Free Report)Ashtead Group plc, together with its subsidiaries, engages in the construction, industrial, and general equipment rental business in the United States, the United Kingdom, and Canada. It provides pumps, power generation, heating, cooling, scaffolding, traffic management, temporary flooring, trench shoring, and lifting services.Read MoreFive stocks we like better than Ashtead GroupWhat Investors Need to Know About Upcoming IPOsEnergy Transfer: Powering Data With Dividends and Diversification3 Monster Growth Stocks to Buy NowQualcomm Stock Is Coiling for a Breakout Want to Profit on the Downtrend? Downtrends, Explained.Is Alphabet Too Cheap to Ignore After Its Recent Correction?This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Ashtead Group Right Now?Before you consider Ashtead Group, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Ashtead Group wasn't on the list.While Ashtead Group currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here