ATCO Ltd. (OTCMKTS:ACLLF) Sees Large Increase in Short Interest

ATCO Ltd. (OTCMKTS:ACLLFGet Rating) was the recipient of a significant increase in short interest during the month of October. As of October 31st, there was short interest totalling 170,900 shares, an increase of 76.9% from the October 15th total of 96,600 shares. Based on an average daily trading volume, of 2,600 shares, the short-interest ratio is presently 65.7 days.

ATCO Stock Up 2.8 %

OTCMKTS ACLLF opened at $31.52 on Friday. The stock’s 50-day moving average is $32.07 and its 200-day moving average is $34.30. ATCO has a one year low of $28.75 and a one year high of $38.85.

ATCO Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, September 30th. Stockholders of record on Thursday, September 1st were given a dividend of $0.3509 per share. This represents a dividend yield of 3.8%. The ex-dividend date of this dividend was Wednesday, August 31st.

Analyst Ratings Changes

A number of equities analysts have issued reports on ACLLF shares. TD Securities reduced their target price on ATCO from C$55.00 to C$53.00 in a report on Friday, October 28th. BMO Capital Markets raised their price target on ATCO from C$50.00 to C$51.00 in a research report on Friday, October 7th. Finally, National Bank Financial raised their price target on ATCO from C$46.00 to C$49.00 in a research report on Tuesday, August 2nd.

ATCO Company Profile

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ATCO Ltd., together with its subsidiaries, provides housing, logistics and transportation, agriculture, water, real estate, and energy and energy infrastructure solutions in Canada, Australia, and internationally. The company offers workforce and residential housing; modular facilities; construction and site support; workforce lodging; facility operations and maintenance; defense operations; and disaster and emergency management services.

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