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

FLSmidth & Co. A/S (OTCMKTS:FLIDY) was the target of a significant growth in short interest in 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 currently 4.9 days.

FLSmidth & Co. A/S Stock Down 3.8%

FLIDY traded down $0.33 during trading on Friday, reaching $8.27. The stock had a trading volume of 154 shares, compared to its average volume of 2,449. FLSmidth & Co. A/S has a one year low of $6.70 and a one year high of $9.49. The business has a 50-day moving average of $8.91 and a 200-day moving average of $8.23.

FLSmidth & Co. A/S (OTCMKTS:FLIDY) last issued its quarterly earnings results on Wednesday, August 19th. The company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate 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.

Analysts Set New Price Targets

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 equities research analysts have rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy”.

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.