Epiroc AB (publ) (OTCMKTS:EPOKY) Short Interest Up 28.4% in April

Epiroc AB (publ) (OTCMKTS:EPOKY – Get Rating) was the recipient of a large growth in short interest during the month of April. As of April 15th, there was short interest totalling 45,700 shares, a growth of 28.4% from the March 31st total of 35,600 shares. Based on an average trading volume of 235,700 shares, the days-to-cover ratio is presently 0.2 days.

A number of equities research analysts have weighed in on the stock. Sanford C. Bernstein raised shares of Epiroc AB (publ) from an “underperform” rating to a “market perform” rating in a report on Monday, February 7th. Societe Generale reduced their target price on shares of Epiroc AB (publ) from SEK 218 to SEK 215 and set a “hold” rating on the stock in a report on Tuesday, April 26th. Barclays reduced their target price on shares of Epiroc AB (publ) from SEK 236 to SEK 215 and set an “equal weight” rating on the stock in a report on Monday, April 4th. Morgan Stanley upped their price objective on shares of Epiroc AB (publ) from SEK 215 to SEK 221 in a research note on Thursday, January 27th. Finally, Nordea Equity Research raised shares of Epiroc AB (publ) from a “hold” rating to a “buy” rating in a research note on Monday, March 7th. Nine investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $212.29.

OTCMKTS EPOKY traded down $0.32 on Tuesday, hitting $19.97. 104,223 shares of the company were exchanged, compared to its average volume of 99,590. Epiroc AB has a 12 month low of $17.51 and a 12 month high of $26.33. The stock has a fifty day moving average of $20.60 and a 200-day moving average of $22.72.

Epiroc AB (publ) Company Profile (Get Rating)

Epiroc AB (publ), together with its subsidiaries, develops and produces equipment for use in surface and underground applications in Sweden. It operates through Equipment & Service and Tools & Attachments segments. The Equipment & Service segment provides equipment and solutions for rock drilling, mechanical rock excavation, rock reinforcement, loading and haulage, exploration drilling, and ventilation systems, as well as drilling equipment for water and energy; and related spare parts, services, and solutions.

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