Time to Reconsider Ardagh Group S.A.HARES (NYSE:ARD) After More Short Sellers?

September 16, 2018 - By Carolyn Hewitt

The stock of Ardagh Group S.A.HARES (NYSE:ARD) registered an increase of 1.59% in short interest. ARD’s total short interest was 332,600 shares in September as published by FINRA. Its up 1.59% from 327,400 shares, reported previously. With 41,500 shares average volume, it will take short sellers 8 days to cover their ARD’s short positions. The short interest to Ardagh Group S.A.HARES’s float is 1.81%.

The stock decreased 0.06% or $0.01 during the last trading session, reaching $16.19. About 50,839 shares traded. Ardagh Group S.A. (NYSE:ARD) has declined 23.29% since September 16, 2017 and is downtrending. It has underperformed by 38.91% the S&P500.

Ardagh Group S.A. manufactures and supplies rigid packaging solutions primarily for the food and beverage markets worldwide. The company has market cap of $3.83 billion. The firm operates in four divisions: Metal Packaging Europe, Metal Packaging Americas, Glass Packaging Europe, and Glass Packaging North America. It has a 27.91 P/E ratio. The Company’s metal packaging products include food and beverage cans, steel and aluminum aerosols, aluminum bottles, kegs, and packaging products for paints and coatings, as well as custom packaging products, such as cigar boxes, rectangular steel boxes, peanut cans, and coffee cans.

Ardagh Group S.A. (NYSE:ARD) Ratings Chart

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