Short Interest in ATCO Ltd. (OTCMKTS:ACLLF) Rises By 69.1%

ATCO Ltd. (OTCMKTS:ACLLF) saw a large increase in short interest in July. As of July 15th, there was short interest totaling 357,003 shares, an increase of 69.1% from the June 30th total of 211,096 shares. Based on an average daily volume of 41,701 shares, the short-interest ratio is currently 8.6 days.

ATCO Trading Down 1.7%

Shares of ACLLF opened at $57.06 on Friday. The stock has a 50 day moving average of $52.65 and a 200-day moving average of $49.26. ATCO has a 52 week low of $34.71 and a 52 week high of $58.06.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on ACLLF shares. Royal Bank Of Canada reissued a “sector perform” rating on shares of ATCO in a research report on Thursday. BMO Capital Markets reiterated an “outperform” rating on shares of ATCO in a research note on Thursday. TD Securities reiterated a “hold” rating on shares of ATCO in a research note on Friday, May 8th. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of ATCO in a report on Friday, July 17th. Finally, Scotiabank reissued a “sector perform” rating on shares of ATCO in a research report on Tuesday, July 21st. Two analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold”.

ATCO Company Profile

ATCO Ltd. is a diversified Canadian holding company headquartered in Calgary, Alberta, with operations spanning structures and logistics, utilities, energy, and retail energy services. Through its Structures & Logistics division, ATCO designs, manufactures and rents modular buildings, workforce housing and specialized structures for industrial, military and commercial clients. Its Utilities business encompasses electricity generation, transmission and distribution, as well as natural gas transmission and distribution networks that serve residential, commercial and industrial customers across multiple regions.

In its Energy division, ATCO develops and operates oil sands cold flow projects, power generation facilities and natural gas liquids pipelines, offering integrated solutions to the upstream and midstream sectors.