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

FLSmidth & Co. A/S (OTCMKTS:FLIDY) was the recipient of a large increase in short interest during the month of August. As of August 31st, there was short interest totalling 1,200 shares, an increase of 1,100.0% from the August 15th total of 100 shares. Based on an average daily volume of 3,100 shares, the days-to-cover ratio is presently 0.4 days.

FLSmidth & Co. A/S Stock Performance

Shares of FLIDY stock remained flat at $4.58 on Wednesday. FLSmidth & Co. A/S has a twelve month low of $4.24 and a twelve month high of $4.58. The firm’s 50-day moving average is $4.23 and its 200-day moving average is $4.03.

FLSmidth & Co. A/S (OTCMKTS:FLIDY) last released its earnings results on Tuesday, August 15th. The company reported $0.03 EPS for the quarter. The firm had revenue of $935.05 million during the quarter.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on FLIDY shares. Bank of America upgraded FLSmidth & Co. A/S from an “underperform” rating to a “neutral” rating in a research report on Tuesday, June 27th. Societe Generale upgraded FLSmidth & Co. A/S from a “hold” rating to a “buy” rating in a research report on Friday, July 7th. Finally, UBS Group downgraded FLSmidth & Co. A/S from a “buy” rating to a “neutral” rating in a research report on Tuesday, June 27th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $295.00.

FLSmidth & Co. A/S Company Profile

FLSmidth & Co A/S provides engineering and service solutions for mining and cement industries in North America, South America, Europe, North Africa, Russia, Asia, Sub-Saharan Africa, the Middle East, SSAMESA, and Australia. The company offers various products, systems, and services, including precious metals, gravity concentrator service, audits and training, gas analysis and emissions monitoring services, liner profiling and scanning, kiln, packing and dispatching equipment, air pollution control, pneumatic conveying, gear, technical advisory, electrical and automation audits, mine planning, feeding and dosing equipment, and other services for the mining and cement industries.