Short Interest in ATCO Ltd. (OTCMKTS:ACLLF) Increases By 57.4%

ATCO Ltd. (OTCMKTS:ACLLFGet Rating) saw a significant increase in short interest in the month of August. As of August 31st, there was short interest totalling 518,900 shares, an increase of 57.4% from the August 15th total of 329,700 shares. Based on an average trading volume of 2,200 shares, the days-to-cover ratio is presently 235.9 days.

Wall Street Analysts Forecast Growth

ACLLF has been the subject of several analyst reports. Credit Suisse Group downgraded shares of ATCO from an “outperform” rating to a “neutral” rating in a report on Friday, May 27th. National Bank Financial lifted their price objective on shares of ATCO from C$46.00 to C$49.00 in a research note on Tuesday, August 2nd. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, ATCO presently has an average rating of “Moderate Buy” and an average target price of $49.50.

ATCO Stock Down 0.4 %

OTCMKTS:ACLLF opened at $35.96 on Thursday. The business’s 50-day moving average price is $35.97 and its 200 day moving average price is $35.14. ATCO has a 52-week low of $30.50 and a 52-week high of $38.85.

ATCO Cuts Dividend

The company also recently announced a dividend, which will be paid on Friday, September 30th. Investors of record on Thursday, September 1st will be issued a dividend of $0.3509 per share. This represents a yield of 3.8%. The ex-dividend date is Wednesday, August 31st.

About ATCO

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ATCO Ltd., together with its subsidiaries, provides housing, logistics and transportation, agriculture, water, real estate, and energy and energy infrastructure solutions in Canada, Australia, and internationally. The company offers workforce and residential housing; modular facilities; construction and site support; workforce lodging; facility operations and maintenance; defense operations; and disaster and emergency management services.

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