ATS Co. (NYSE:ATS) Sees Large Growth in Short Interest

ATS Co. (NYSE:ATS) was the target of a large growth in short interest in November. As of November 30th, there was short interest totalling 3,800,000 shares, a growth of 10.1% from the November 15th total of 3,450,000 shares. Approximately 3.9% of the company’s stock are short sold. Based on an average daily volume of 155,500 shares, the days-to-cover ratio is currently 24.4 days.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Caldwell Investment Management Ltd. lifted its position in shares of ATS by 99.6% during the second quarter. Caldwell Investment Management Ltd. now owns 48,100 shares of the company’s stock valued at $1,555,000 after purchasing an additional 24,000 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new position in shares of ATS in the 2nd quarter worth approximately $11,602,000. Galibier Capital Management Ltd. purchased a new stake in shares of ATS during the second quarter valued at approximately $3,586,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of ATS by 4.8% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 17,457 shares of the company’s stock valued at $565,000 after purchasing an additional 804 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in shares of ATS by 77.8% in the 2nd quarter. Principal Financial Group Inc. now owns 639,540 shares of the company’s stock worth $20,691,000 after buying an additional 279,880 shares during the last quarter. Institutional investors own 75.84% of the company’s stock.

ATS Stock Up 1.3 %

Shares of ATS traded up $0.39 on Friday, reaching $31.39. The company’s stock had a trading volume of 83,370 shares, compared to its average volume of 112,660. The stock has a market capitalization of $3.07 billion, a PE ratio of 32.70 and a beta of 1.15. The company has a current ratio of 2.08, a quick ratio of 1.71 and a debt-to-equity ratio of 1.00. ATS has a twelve month low of $24.82 and a twelve month high of $44.70. The firm has a fifty day moving average of $30.46 and a 200-day moving average of $29.94.

About ATS

ATS Corporation, together with its subsidiaries, provides automation solutions worldwide. The company is also involved in planning, designing, building, commissioning, and servicing automated manufacturing and assembly systems, including automation products and test solutions. In addition, it offers pre-automation services comprising discovery and analysis, concept development, simulation, and total cost of ownership modelling; post automation services, including training, process optimization, preventative maintenance, emergency and on-call support, spare parts, retooling, retrofits, and equipment relocation; and contract manufacturing services, as well as after sales and services.