FLSmidth & Co. A/S (OTCMKTS:FLIDY) Stock Short Interest Report for October

FLSmidth & Co. A/S (OTCMKTS:FLIDY) was the recipient of a significant growth in short interest in October. As of October 15th, there was short interest totaling 278 shares. Based on an average daily volume of 57 shares, the short-interest ratio is currently 4.9 days.

Wall Street Analyst Weigh In

Separately, Dnb Carnegie upgraded shares of FLSmidth & Co. A/S from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 14th. Two analysts have rated the stock with a Strong Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, FLSmidth & Co. A/S currently has an average rating of “Buy”.

FLSmidth & Co. A/S Stock Performance

Shares of OTCMKTS:FLIDY traded down $0.33 on Friday, reaching $8.27. 154 shares of the company were exchanged, compared to its average volume of 2,449. FLSmidth & Co. A/S has a 1-year low of $6.70 and a 1-year high of $9.49. The company has a 50-day moving average of $8.91 and a 200-day moving average of $8.23.

FLSmidth & Co. A/S (OTCMKTS:FLIDY) last announced its quarterly earnings results on Wednesday, August 19th. The company reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.04. The company had revenue of $613.53 million during the quarter, compared to analysts’ expectations of $542.44 million.

About FLSmidth & Co. A/S

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.