FLSmidth & Co. A/S (OTCMKTS:FLIDY) Stock Short Interest Drops 86.3%

FLSmidth & Co. A/S (OTCMKTS:FLIDY) saw a large decrease in short interest in 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 daily trading volume, of 1,356 shares, the days-to-cover ratio is currently 0.0 days.

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 research note on Monday, September 14th. Two investment analysts have rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, FLSmidth & Co. A/S has a consensus rating of “Buy”.

FLSmidth & Co. A/S Stock Down 7.4%

OTCMKTS:FLIDY opened at $8.26 on Friday. FLSmidth & Co. A/S has a one year low of $6.70 and a one year high of $9.49. The firm’s fifty day moving average is $8.78 and its two-hundred day moving average is $8.24.

FLSmidth & Co. A/S (OTCMKTS:FLIDY) last announced its quarterly earnings results on Wednesday, November 11th. The company reported $0.11 earnings per share for the quarter, hitting the consensus estimate of $0.11. The company had revenue of $585.00 million for the quarter, compared to analyst estimates of $558.74 million.

FLSmidth & Co. A/S Company Profile

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.