ASV Holdings Inc (NASDAQ:ASV) Short Interest Up 30.8% in June

ASV Holdings Inc (NASDAQ:ASV) saw a large growth in short interest in the month of June. As of June 30th, there was short interest totalling 5,100 shares, a growth of 30.8% from the May 30th total of 3,900 shares. Based on an average trading volume of 35,800 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the shares of the company are short sold.

A number of brokerages have issued reports on ASV. Zacks Investment Research upgraded First Industrial Realty Trust from a “hold” rating to a “buy” rating and set a $39.00 price target for the company in a research report on Wednesday, June 5th. ValuEngine upgraded Zogenix from a “buy” rating to a “strong-buy” rating in a research report on Thursday, June 27th. Finally, Barrington Research lowered ASV from an “outperform” rating to a “market perform” rating in a research report on Thursday, June 27th. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $7.00.

Shares of ASV stock opened at $6.95 on Friday. The company has a quick ratio of 0.82, a current ratio of 2.34 and a debt-to-equity ratio of 0.99. ASV has a 1 year low of $1.46 and a 1 year high of $8.13. The stock’s fifty day simple moving average is $3.53. The firm has a market cap of $68.79 million, a price-to-earnings ratio of 57.92 and a beta of 5.85.

ASV (NASDAQ:ASV) last announced its quarterly earnings results on Thursday, May 2nd. The company reported ($0.07) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.10) by $0.03. ASV had a positive return on equity of 0.36% and a negative net margin of 26.04%. The company had revenue of $27.34 million during the quarter, compared to analyst estimates of $28.49 million. As a group, analysts predict that ASV will post 0.17 EPS for the current year.

Several institutional investors and hedge funds have recently bought and sold shares of ASV. Pacific Ridge Capital Partners LLC raised its stake in shares of ASV by 18.3% in the 1st quarter. Pacific Ridge Capital Partners LLC now owns 578,128 shares of the company’s stock worth $1,590,000 after buying an additional 89,281 shares in the last quarter. Shufro Rose & Co. LLC raised its stake in shares of ASV by 27.7% in the 1st quarter. Shufro Rose & Co. LLC now owns 146,867 shares of the company’s stock worth $404,000 after buying an additional 31,900 shares in the last quarter. Royce & Associates LP raised its stake in shares of ASV by 8.3% in the 4th quarter. Royce & Associates LP now owns 296,390 shares of the company’s stock worth $593,000 after buying an additional 22,800 shares in the last quarter. First Wilshire Securities Management Inc. raised its stake in shares of ASV by 3.3% in the 4th quarter. First Wilshire Securities Management Inc. now owns 601,938 shares of the company’s stock worth $1,204,000 after buying an additional 19,492 shares in the last quarter. Finally, Deutsche Bank AG bought a new stake in shares of ASV in the 4th quarter worth $26,000. 39.45% of the stock is currently owned by institutional investors.

ASV Company Profile

ASV Holdings, Inc designs and manufactures compact construction equipment in North America, Australia, and New Zealand. It offers compact track loader and skid steer loader equipment under the ASV and Terex brands. The company also offers private label original equipment manufacturing services; and pre-and post-sale dealer support, after-sale technical support, and replacement parts.

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