What’s in Ashland Global Holdings Inc (NYSE:ASH) After Decline in Shorted Shares?

October 2, 2018 - By Louis Casey

Ashland Global Holdings Inc. (NYSE:ASH) Logo

Investors sentiment increased to Infinity in 2018 Q2. Its up Infinity, from 0 in 2018Q1. It is positive, as 0 investors sold Ashland Global Holdings Inc. shares while 0 reduced holdings. 2 funds opened positions while 1 raised stakes. 92,420 shares or 115.99% more from 42,789 shares in 2018Q1 were reported.
Bruce & Com holds 25,000 shares. Gemmer Asset Management Lc holds 133 shares or 0% of its portfolio. Novare Cap Lc has 0.19% invested in Ashland Global Holdings Inc. (NYSE:ASH). Alphamark Advisors Ltd Liability Co holds 106 shares. Whittier Tru Of Nevada Inc owns 600 shares. Todd Asset Ltd Liability Corporation holds 2,606 shares or 0.01% of its portfolio. 3,200 were accumulated by Fruth Investment Mngmt.

The stock of Ashland Global Holdings Inc (NYSE:ASH) registered a decrease of 8.21% in short interest. ASH’s total short interest was 2.49 million shares in October as published by FINRA. Its down 8.21% from 2.71 million shares, reported previously. With 454,500 shares average volume, it will take short sellers 6 days to cover their ASH’s short positions. The short interest to Ashland Global Holdings Inc’s float is 4.01%.

The stock decreased 0.21% or $0.18 during the last trading session, reaching $84.03. About 115,993 shares traded. Ashland Global Holdings Inc. (NYSE:ASH) has risen 31.68% since October 2, 2017 and is uptrending. It has outperformed by 16.06% the S&P500.

Ashland Global Holdings Inc. provides specialty chemical solutions worldwide. The company has market cap of $5.25 billion. It operates through Specialty Ingredients, Performance Materials, and Valvoline divisions. It has a 112.79 P/E ratio. The firm provides products, technologies, and resources for solving formulation and product-performance challenges.

Ashland Global Holdings Inc. (NYSE:ASH) Ratings Coverage

Among 4 analysts covering Ashland Global Holdings (NYSE:ASH), 3 have Buy rating, 0 Sell and 1 Hold. Therefore 75% are positive. Ashland Global Holdings had 5 analyst reports since May 3, 2018 according to SRatingsIntel. The company was maintained on Thursday, August 2 by BMO Capital Markets. JP Morgan maintained Ashland Global Holdings Inc. (NYSE:ASH) rating on Friday, August 24. JP Morgan has “Neutral” rating and $87 target. The company was maintained on Friday, June 15 by JP Morgan. On Thursday, May 3 the stock rating was maintained by KeyBanc Capital Markets with “Overweight”. The rating was maintained by Credit Suisse on Thursday, August 2 with “Outperform”.

Ashland Global Holdings Inc. (NYSE:ASH) Ratings Chart

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