What’s AGGREKO PLC ORDINARY SHARES (OTCMKTS:ARGKF) Upside After This Short Interest Increase?

June 18, 2018 - By Henry Gaston

Aggreko Plc (OTCMKTS:ARGKF) Logo

The stock of AGGREKO PLC ORDINARY SHARES (OTCMKTS:ARGKF) registered an increase of 3.55% in short interest. ARGKF’s total short interest was 820,600 shares in June as published by FINRA. Its up 3.55% from 792,500 shares, reported previously. With 1,100 shares average volume, it will take short sellers 746 days to cover their ARGKF’s short positions. The short interest to AGGREKO PLC ORDINARY SHARES’s float is 0.34%.

The stock decreased 3.00% or $0.28 during the last trading session, reaching $9.05. About 200 shares traded. Aggreko Plc (OTCMKTS:ARGKF) has 0.00% since June 18, 2017 and is . It has underperformed by 12.57% the S&P500.

Aggreko plc engages in the rental of temporary power and temperature control solutions to various customers. The company has market cap of $2.29 billion. It offers power generation products, including diesel generators, G3+ generators, and gas generators; cooling equipment, such as cooling towers, chillers, heat exchangers, air handlers, and air conditioners; and desiccant and refrigerated dehumidifiers to prevent metal corrosion, aid processes, preserve equipment on cold stacked offshore rigs, reduce mould and mildew growth during production processes, and dry out water-damaged buildings, as well as to reduce drying times for concrete, insulation, and fireproofing. It has a 16.45 P/E ratio. The firm also provides electric heaters, indirect fired heaters, and heat exchangers; and load banks that are used to test generators and turbines, uninterrupted power systems, electrical distribution panels and systems, data center power systems, combined heat and power systems, and simulation of heat loads.

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