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

FLSmidth & Co. A/S (OTCMKTS:FLIDY) was the recipient of a large decrease in short interest in 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 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 report on Monday, September 14th. Two research analysts have rated the stock with a Strong Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, FLSmidth & Co. A/S currently has a consensus rating of “Buy”.

FLSmidth & Co. A/S Stock Performance

OTCMKTS:FLIDY opened at $8.55 on Wednesday. The firm’s fifty day simple moving average is $8.80 and its 200 day simple moving average is $8.24. FLSmidth & Co. A/S has a twelve month low of $6.70 and a twelve month high of $9.49.

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