Time to Reconsider Ashland Global Holdings Inc (NYSE:ASH) After Less Short Sellers?

September 16, 2018 - By Alicia Butler

Ashland Global Holdings Inc. (NYSE:ASH) Logo

Investors sentiment increased to Infinity in Q2 2018. 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 And accumulated 25,000 shares. Todd Asset Ltd Llc reported 0.01% of its portfolio in Ashland Global Holdings Inc. (NYSE:ASH). Gemmer Asset Management Ltd Liability Com has invested 0% in Ashland Global Holdings Inc. (NYSE:ASH). Fruth Inv Management invested in 0.11% or 3,200 shares. Novare Capital Mngmt Limited Liability accumulated 14,565 shares. Whittier Tru Company Of Nevada invested 0.01% of its portfolio in Ashland Global Holdings Inc. (NYSE:ASH). Alphamark Advisors Limited Company reported 106 shares.

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 September as published by FINRA. Its down 8.21% from 2.71M 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%.

It closed at $84.6 lastly. It is down 31.68% since September 16, 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 $5.28 billion. It operates through Specialty Ingredients, Performance Materials, and Valvoline divisions. It has a 113.56 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 5 analysts covering Ashland Global Holdings (NYSE:ASH), 4 have Buy rating, 0 Sell and 1 Hold. Therefore 80% are positive. Ashland Global Holdings had 8 analyst reports since March 23, 2018 according to SRatingsIntel. The rating was maintained by Credit Suisse with “Outperform” on Thursday, August 2. The stock of Ashland Global Holdings Inc. (NYSE:ASH) has “Overweight” rating given on Thursday, May 3 by KeyBanc Capital Markets. The stock has “Neutral” rating by JP Morgan on Friday, August 24. The rating was upgraded by Longbow to “Buy” on Monday, March 26. The firm has “Outperform” rating by BMO Capital Markets given on Thursday, August 2. The stock of Ashland Global Holdings Inc. (NYSE:ASH) has “Buy” rating given on Tuesday, March 27 by BMO Capital Markets. As per Friday, March 23, the company rating was upgraded by Credit Suisse. The company was maintained on Friday, June 15 by JP Morgan.

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

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