Epiroc AB (publ) (OTCMKTS:EPOKY) Sees Large Growth in Short Interest

Epiroc AB (publ) (OTCMKTS:EPOKY) was the target of a large increase in short interest in January. As of January 31st, there was short interest totalling 56,800 shares, an increase of 148.0% from the January 15th total of 22,900 shares. Based on an average daily volume of 625,800 shares, the days-to-cover ratio is presently 0.1 days.

Wall Street Analyst Weigh In

Separately, Barclays upgraded shares of Epiroc AB (publ) from a “strong sell” rating to a “strong-buy” rating in a report on Wednesday, December 4th.

Epiroc AB (publ) Price Performance

Epiroc AB (publ) stock opened at $20.08 on Friday. The stock has a 50-day moving average price of $18.35 and a two-hundred day moving average price of $18.84. Epiroc AB has a 12 month low of $16.82 and a 12 month high of $21.74. The company has a market capitalization of $24.24 billion, a PE ratio of 29.53, a P/E/G ratio of 3.71 and a beta of 1.52. The company has a current ratio of 2.06, a quick ratio of 1.12 and a debt-to-equity ratio of 0.46.

Epiroc AB (publ) (OTCMKTS:EPOKY) last released its quarterly earnings data on Thursday, January 30th. The company reported $0.18 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.18. Epiroc AB (publ) had a return on equity of 21.97% and a net margin of 13.74%. Analysts expect that Epiroc AB will post 0.79 EPS for the current year.

About Epiroc AB (publ)

Epiroc AB (publ), together with its subsidiaries, develops and produces equipment for use in surface and underground applications in North America, Europe, South America, Europe, Africa, the Middle East, Asia, and Australia. It operates in two segments, Equipment & Service, and Tools & Attachments.