After Reaching Milestone, Is Axalta Coating Systems Limited (NYSE:AXTA)’s Short Interest Revealing Something?

September 23, 2017 - By Adrian Mccoy

 After Reaching Milestone, Is Axalta Coating Systems Limited (NYSE:AXTA)’s Short Interest Revealing Something?

The stock of Axalta Coating Systems Limited (NYSE:AXTA) registered an increase of 35.4% in short interest. AXTA’s total short interest was 9.65 million shares in September as published by FINRA. Its up 35.4% from 7.12M shares, reported previously. With 1.86 million shares average volume, it will take short sellers 5 days to cover their AXTA’s short positions.

The stock decreased 0.65% or $0.19 on September 22, reaching $29.03. About 1.28 million shares traded. Axalta Coating Systems Ltd (NYSE:AXTA) has risen 13.74% since September 23, 2016 and is uptrending. It has underperformed by 2.96% the S&P500.

Axalta Coating Systems Ltd. is a holding company. The company has market cap of $7.01 billion. The Firm is a manufacturer, marketer and distributor of coatings systems primarily serving the transportation industry. It has a 1335.94 P/E ratio. The Company’s divisions include Performance Coatings and Transportation Coatings.

Axalta Coating Systems Ltd (NYSE:AXTA) Ratings Coverage

Among 18 analysts covering Axalta Coating Systems (NYSE:AXTA), 12 have Buy rating, 1 Sell and 5 Hold. Therefore 67% are positive. Axalta Coating Systems had 44 analyst reports since September 2, 2015 according to SRatingsIntel. JP Morgan upgraded the stock to “Overweight” rating in Friday, August 11 report. Citigroup maintained the stock with “Buy” rating in Monday, August 7 report. The firm has “Outperform” rating by Credit Suisse given on Tuesday, March 22. The firm has “Neutral” rating by JP Morgan given on Thursday, October 29. The rating was maintained by Jefferies on Wednesday, September 6 with “Buy”. Seaport Global Securities initiated the shares of AXTA in report on Tuesday, January 5 with “Accumulate” rating. RBC Capital Markets maintained it with “Buy” rating and $3600 target in Tuesday, May 30 report. On Monday, February 8 the stock rating was maintained by RBC Capital Markets with “Outperform”. The firm has “Equal-Weight” rating by Barclays Capital given on Friday, September 11. The firm earned “Buy” rating on Thursday, July 13 by RBC Capital Markets.

More notable recent Axalta Coating Systems Ltd (NYSE:AXTA) news were published by: Seekingalpha.com which released: “Axalta Coating Systems’ (AXTA) CEO Charles Shaver on Q2 2017 Results …” on August 06, 2017, also Seekingalpha.com with their article: “Axalta Coating Systems’ (AXTA) CEO Charlie Shaver on Q4 2016 Results …” published on February 08, 2017, Seekingalpha.com published: “Axalta Coating: Too Much Risk, Too Little Return” on May 18, 2017. More interesting news about Axalta Coating Systems Ltd (NYSE:AXTA) were released by: Prnewswire.com and their article: “Pre-Market Technical Pulse on Specialty Chemicals Stocks — Axalta Coating …” published on September 11, 2017 as well as Seekingalpha.com‘s news article titled: “Axalta Coating Systems: More Than Fully Valued Despite Nice Bolt-On Deal” with publication date: April 13, 2017.

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