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

FLSmidth & Co. A/S (OTCMKTS:FLIDY) saw a large decrease in short interest during the month of October. As of October 30th, there was short interest totaling 38 shares, a decrease of 86.3% from the October 15th total of 278 shares. Based on an average trading volume of 1,356 shares, the days-to-cover ratio is presently 0.0 days.

FLSmidth & Co. A/S Stock Performance

FLIDY stock opened at $8.55 on Wednesday. The business has a fifty day simple moving average of $8.80 and a 200-day simple moving average of $8.24. FLSmidth & Co. A/S has a 52 week low of $6.70 and a 52 week high of $9.49.

FLSmidth & Co. A/S (OTCMKTS:FLIDY) last issued its earnings results on Wednesday, August 19th. The company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.04. The firm had revenue of $613.53 million during the quarter, compared to analysts’ expectations of $542.44 million.

Wall Street Analysts Forecast Growth

Separately, Dnb Carnegie upgraded shares of FLSmidth & Co. A/S from a “hold” rating to a “strong-buy” rating in a report on Monday, September 14th. Two analysts have rated the stock with a Strong Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock 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.