Does AGGREKO PLC ORDINARY SHARES (OTCMKTS:ARGKF) Have Gas After Even Less Sellers Involved?

September 16, 2018 - By Jason Dias

Aggreko Plc (OTCMKTS:ARGKF) Logo

The stock of AGGREKO PLC ORDINARY SHARES (OTCMKTS:ARGKF) registered a decrease of 28.05% in short interest. ARGKF’s total short interest was 666,300 shares in September as published by FINRA. Its down 28.05% from 926,000 shares, reported previously. With 600 shares average volume, it will take short sellers 1111 days to cover their ARGKF’s short positions.

It closed at $10.63 lastly. It is down 0.00% since September 16, 2017 and is . It has underperformed by 15.62% 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 $2.77 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 18.98 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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