FLSmidth & Co. A/S (OTCMKTS:FLIDY) Short Interest Update

FLSmidth & Co. A/S (OTCMKTS:FLIDY) was the target of a significant increase in short interest in April. As of April 30th, there was short interest totaling 10 shares, an increase of ∞ from the April 15th total of 0 shares. Based on an average daily volume of 6,853 shares, the short-interest ratio is presently 0.0 days.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on FLIDY shares. Zacks Research raised shares of FLSmidth & Co. A/S to a “hold” rating in a research report on Friday, April 17th. Barclays upgraded FLSmidth & Co. A/S from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 31st. One investment analyst has rated the stock with a Strong Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, FLSmidth & Co. A/S presently has an average rating of “Moderate Buy”.

FLSmidth & Co. A/S Stock Down 5.3%

Shares of FLSmidth & Co. A/S stock traded down $0.40 during trading hours on Monday, hitting $7.10. 129 shares of the company’s stock traded hands, compared to its average volume of 4,305. The stock has a 50 day simple moving average of $7.99 and a 200-day simple moving average of $7.92. FLSmidth & Co. A/S has a twelve month low of $6.07 and a twelve month high of $9.20.

FLSmidth & Co. A/S (OTCMKTS:FLIDY) last announced its earnings results on Wednesday, May 13th. The company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.12. The business had revenue of $513.62 million for the quarter, compared to analyst estimates of $566.52 million.

FLSmidth & Co. A/S Company Profile

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.