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

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ASV Holdings Inc (NASDAQ:ASV) was the recipient of a significant growth in short interest in 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. Currently, 0.1% of the company’s stock are sold short. Based on an average daily volume of 35,800 shares, the days-to-cover ratio is presently 0.1 days.

Shares of NASDAQ ASV opened at $6.95 on Friday. The company has a 50-day moving average price of $3.53. 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 one year low of $1.46 and a one year high of $8.13. The stock has a market capitalization of $68.79 million, a P/E ratio of 57.92 and a beta of 5.85.

ASV (NASDAQ:ASV) last issued its earnings results on Thursday, May 2nd. The company reported ($0.07) EPS for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $27.34 million for the quarter, compared to the consensus estimate of $28.49 million. On average, equities research analysts forecast that ASV will post 0.17 EPS for the current fiscal year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Pacific Ridge Capital Partners LLC boosted its holdings in ASV by 18.3% in the first quarter. Pacific Ridge Capital Partners LLC now owns 578,128 shares of the company’s stock valued at $1,590,000 after purchasing an additional 89,281 shares in the last quarter. WealthTrust Axiom LLC boosted its holdings in ASV by 5.7% in the first quarter. WealthTrust Axiom LLC now owns 221,158 shares of the company’s stock valued at $608,000 after purchasing an additional 11,900 shares in the last quarter. Shufro Rose & Co. LLC boosted its holdings in ASV by 27.7% in the first quarter. Shufro Rose & Co. LLC now owns 146,867 shares of the company’s stock valued at $404,000 after purchasing an additional 31,900 shares in the last quarter. Deutsche Bank AG acquired a new position in ASV in the fourth quarter valued at approximately $26,000. Finally, First Wilshire Securities Management Inc. boosted its holdings in ASV by 3.3% in the fourth quarter. First Wilshire Securities Management Inc. now owns 601,938 shares of the company’s stock valued at $1,204,000 after purchasing an additional 19,492 shares in the last quarter. Institutional investors own 39.45% of the company’s stock.

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

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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