Short Interest in ATCO Ltd. (OTCMKTS:ACLLF) Rises By 19.2%

ATCO Ltd. (OTCMKTS:ACLLF – Get Rating) saw a significant growth in short interest during the month of April. As of April 30th, there was short interest totalling 129,700 shares, a growth of 19.2% from the April 15th total of 108,800 shares. Based on an average trading volume of 2,200 shares, the days-to-cover ratio is presently 59.0 days.

Analyst Upgrades and Downgrades

ACLLF has been the subject of several recent analyst reports. Credit Suisse Group decreased their target price on ATCO from C$51.00 to C$49.00 in a research note on Wednesday, March 22nd. TD Securities dropped their target price on ATCO from C$53.00 to C$51.00 in a report on Friday, March 3rd. Finally, Scotiabank started coverage on ATCO in a report on Thursday, February 9th. They issued an “outperform” rating on the stock.

ATCO Stock Performance

Shares of ACLLF opened at $33.42 on Friday. The stock’s fifty day moving average price is $32.06 and its two-hundred day moving average price is $31.73. ATCO has a 1 year low of $28.75 and a 1 year high of $38.85.

ATCO Increases Dividend

The business also recently declared a dividend, which was paid on Friday, March 31st. Stockholders of record on Thursday, March 2nd were given a $0.355 dividend. The ex-dividend date was Wednesday, March 1st. This is a boost from ATCO’s previous dividend of $0.33. This represents a dividend yield of 4.43%. ATCO’s payout ratio is 24.22%.

ATCO Company Profile

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ATCO Ltd. engages in the structures and logistics, utilities and ports & transportation logistics business. It operates through the following segments: Structures & Logistics, Electricity, Pipelines & Liquids, Neltume Ports and Corporate & Other. The Structures & Logistics segment provides workforce housing, innovative modular facilities, construction, site support services, and logistics and operations management.