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

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

Analysts Set New Price Targets

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

FLSmidth & Co. A/S Price Performance

FLIDY stock remained flat at $7.50 during trading hours on Thursday. The company had a trading volume of 1 shares, compared to its average volume of 3,540. The firm has a 50 day moving average of $7.73 and a 200-day moving average of $7.97. FLSmidth & Co. A/S has a fifty-two week low of $6.07 and a fifty-two week high of $9.20.

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

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.