Short Interest in ATCO Ltd. (OTCMKTS:ACLLF) Increases By 157.6%

ATCO Ltd. (OTCMKTS:ACLLF – Get Rating) was the target of a large increase in short interest in May. As of May 15th, there was short interest totalling 334,100 shares, an increase of 157.6% from the April 30th total of 129,700 shares. Based on an average trading volume of 11,600 shares, the days-to-cover ratio is currently 28.8 days.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on ACLLF shares. Scotiabank started coverage on shares of ATCO in a research note on Thursday, February 9th. They set an “outperform” rating on the stock. Credit Suisse Group lowered their target price on shares of ATCO from C$51.00 to C$49.00 in a research note on Wednesday, March 22nd. Finally, TD Securities lowered their target price on shares of ATCO from C$53.00 to C$51.00 in a research note on Friday, March 3rd.

ATCO Stock Down 2.5 %

Shares of ATCO stock opened at $31.01 on Friday. ATCO has a twelve month low of $28.75 and a twelve month high of $38.85. The firm’s 50-day moving average price is $32.47 and its 200 day moving average price is $31.84.

ATCO Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, June 30th. Investors of record on Thursday, June 1st will be paid a $0.3556 dividend. The ex-dividend date of this dividend is Wednesday, May 31st. This is a positive change from ATCO’s previous dividend of $0.35. This represents a yield of 4.35%. ATCO’s dividend payout ratio (DPR) is currently 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.