Short Interest Coverage: Ashland Incorporated (NYSE:ASH) Sellers Covered 8.4% of Their Shorts

November 24, 2016 - By Ellis Scott   ·   0 Comments

Short Interest Coverage: Ashland Incorporated (NYSE:ASH) Sellers Covered 8.4% of Their Shorts

The stock of Ashland Incorporated (NYSE:ASH) registered a decrease of 8.4% in short interest. ASH’s total short interest was 1.70 million shares in November as published by FINRA. Its down 8.4% from 1.86 million shares, reported previously. With 623,300 shares average volume, it will take short sellers 3 days to cover their ASH’s short positions. The stock increased 1.03% or $1.17 on November 23, hitting $114.77. Ashland Global Holdings Inc. (NYSE:ASH) has declined 0.92% since April 22, 2016 and is downtrending. It has underperformed by 6.33% the S&P500.

Insitutional Activity: The institutional sentiment decreased to 0.02 in Q2 2016. Its down 0.85, from 0.87 in 2016Q1. The ratio dived, as 31 funds sold all Ashland Global Holdings Inc. shares owned while 116 reduced positions. 37 funds bought stakes while 91 increased positions. They now own 51.94 million shares or 2.08% less from 53.04 million shares in 2016Q1.
The New York-based D E Shaw & Company has invested 0% in Ashland Global Holdings Inc. (NYSE:ASH). Blackrock Fund Advsrs has 2.23 million shares for 0.06% of their US portfolio. The Georgia-based Ridgeworth Mgmt Limited has invested 0.35% in Ashland Global Holdings Inc. (NYSE:ASH). Us Savings Bank De holds 0% of its portfolio in Ashland Global Holdings Inc. (NYSE:ASH) for 10,997 shares. Federated Investors Inc Pa last reported 0.01% of its portfolio in the stock. Hl Fincl Services Limited Liability holds 15,653 shares or 0.04% of its portfolio. Hsbc Public Limited Company has 0.01% invested in the company for 37,807 shares. First Republic Inv Mngmt has 2,359 shares for 0% of their US portfolio. Timber Hill Ltd Liability Com last reported 0% of its portfolio in the stock. Manufacturers Life Insurance Communication The holds 84,424 shares or 0.01% of its portfolio. Royal Financial Bank Of Canada reported 37,188 shares or 0% of all its holdings. Profund Lc holds 0.08% or 15,151 shares in its portfolio. Comerica Bancorp last reported 0.09% of its portfolio in the stock. Advsr Asset Mngmt has 0.03% invested in the company for 16,047 shares. Parametric Assoc Ltd Liability has 0.02% invested in the company for 120,341 shares.

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

Out of 5 analysts covering Ashland (NYSE:ASH), 4 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 80% are positive. Ashland has been the topic of 12 analyst reports since July 31, 2015 according to StockzIntelligence Inc. Credit Suisse maintained Ashland Global Holdings Inc. (NYSE:ASH) on Wednesday, March 23 with “Neutral” rating. The rating was downgraded by TheStreet to “Buy” on Tuesday, September 1. KeyBanc Capital Markets maintained the stock with “Overweight” rating in Thursday, October 15 report. The company was maintained on Wednesday, September 23 by Deutsche Bank. The rating was maintained by Monness Crespi & Hardt with “Buy” on Wednesday, January 27. Goldman Sachs downgraded it to “Buy” rating and $125 target price in Friday, October 9 report. The firm has “Buy” rating given on Friday, July 31 by Deutsche Bank.

ASH Company Profile

Ashland Global Holdings Inc, formerly Ashland LLC, incorporated on March 15, 2004, is engaged in specialty chemicals, and through Valvoline, is a consumer-branded lubricant supplier. The Firm provides products, services and solutions to clients in various industries in over 100 countries. The Firm operates in three divisions: Ashland Specialty Ingredients (Specialty Ingredients), Ashland Performance Materials (Performance Materials) and Valvoline. The Company’s chemistry is used in various markets and applications, including architectural coatings, adhesives, automotive, construction, energy, food and beverage, personal care and pharmaceutical.

More notable recent Ashland Global Holdings Inc. (NYSE:ASH) news were published by: Marketwatch.com which released: “Ashland Global Holdings Inc.” on June 23, 2009, also Zacks.com with their article: “Ashland Global (ASH) Slashed to Strong Sell on Dismal Q4” published on November 18, 2016, Seekingalpha.com published: “Ashland Global Holdings (ASH) Q4 2016 Results – Earnings Call Transcript” on November 09, 2016. More interesting news about Ashland Global Holdings Inc. (NYSE:ASH) were released by: Cincinnati.com and their article: “Ashland shareholders OK reorganization, path to split” published on September 08, 2016 as well as Wsj.com‘s news article titled: “Ashland Moves to Reorganize as Valvoline Files for IPO” with publication date: May 31, 2016.

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By Ellis Scott


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