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

Epiroc AB (publ) (OTCMKTS:EPOKY) was the target of a large growth in short interest in March. As of March 31st, there was short interest totalling 26,300 shares, a growth of 6,475.0% from the March 15th total of 400 shares. Based on an average daily volume of 137,000 shares, the short-interest ratio is currently 0.2 days. Approximately 0.0% of the shares of the stock are short sold.

Epiroc AB (publ) Stock Performance

Epiroc AB (publ) stock opened at $19.30 on Tuesday. Epiroc AB has a 1-year low of $16.79 and a 1-year high of $21.74. The company has a current ratio of 2.48, a quick ratio of 1.43 and a debt-to-equity ratio of 0.45. The firm has a market capitalization of $23.29 billion, a PE ratio of 28.38, a price-to-earnings-growth ratio of 3.93 and a beta of 1.42. The firm’s 50 day simple moving average is $19.94 and its 200 day simple moving average is $19.21.

Epiroc AB (publ) (OTCMKTS:EPOKY) last released its quarterly earnings results on Thursday, January 30th. The company reported $0.18 EPS for the quarter, meeting analysts’ consensus estimates of $0.18. Epiroc AB (publ) had a net margin of 13.74% and a return on equity of 21.50%. As a group, analysts expect that Epiroc AB will post 0.79 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Dnb Nor Markets lowered Epiroc AB (publ) from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 1st.

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.