Could Axalta Coating Systems Limited (NYSE:AXTA) Change Direction After Less Shorts?

December 7, 2017 - By Winifred Garcia

 Could Axalta Coating Systems Limited (NYSE:AXTA) Change Direction After Less Shorts?

The stock of Axalta Coating Systems Limited (NYSE:AXTA) registered a decrease of 15.22% in short interest. AXTA’s total short interest was 9.07M shares in December as published by FINRA. Its down 15.22% from 10.70 million shares, reported previously. With 4.76 million shares average volume, it will take short sellers 2 days to cover their AXTA’s short positions.

The stock decreased 0.12% or $0.04 during the last trading session, reaching $32.31. About 2.01M shares traded. Axalta Coating Systems Ltd. (NYSE:AXTA) has risen 13.74% since December 7, 2016 and is uptrending. It has underperformed by 2.96% the S&P500.

Axalta Coating Systems Ltd., through its subsidiaries, makes, markets, and distributes coatings primarily for the transportation industry. The company has market cap of $7.87 billion. It operates through two divisions, Performance Coatings and Transportation Coatings. It has a 123.32 P/E ratio. The Performance Coatings segment offers various water and solvent borne products and systems that are used to refinish damaged vehicles for independent body shops, multi-shop operators, and original equipment maker dealership body shops.

Axalta Coating Systems Ltd. (NYSE:AXTA) Ratings Coverage

Among 20 analysts covering Axalta Coating Systems (NYSE:AXTA), 12 have Buy rating, 1 Sell and 7 Hold. Therefore 60% are positive. Axalta Coating Systems had 61 analyst reports since September 2, 2015 according to SRatingsIntel. The stock of Axalta Coating Systems Ltd. (NYSE:AXTA) earned “Buy” rating by Robert W. Baird on Friday, November 10. The stock of Axalta Coating Systems Ltd. (NYSE:AXTA) earned “Neutral” rating by Nomura on Monday, April 24. Instinet downgraded the shares of AXTA in report on Friday, April 21 to “Neutral” rating. The stock of Axalta Coating Systems Ltd. (NYSE:AXTA) has “Underperform” rating given on Wednesday, June 21 by Bank of America. RBC Capital Markets maintained it with “Buy” rating and $3600 target in Monday, July 3 report. RBC Capital Markets maintained it with “Buy” rating and $32.0 target in Monday, October 9 report. The firm earned “Buy” rating on Tuesday, May 30 by Jefferies. The company was downgraded on Monday, January 9 by Citigroup. The stock of Axalta Coating Systems Ltd. (NYSE:AXTA) has “Buy” rating given on Wednesday, September 2 by Citigroup. The stock of Axalta Coating Systems Ltd. (NYSE:AXTA) has “Buy” rating given on Monday, October 30 by Robert W. Baird.

More news for Axalta Coating Systems Ltd. (NYSE:AXTA) were recently published by: Seekingalpha.com, which released: “Axalta: A Beauty With Many Suitors” on November 30, 2017. Investorplace.com‘s article titled: “3 Stocks to Watch on Wednesday: Axalta Coating Systems Ltd (AXTA), Guess?, Inc …” and published on November 22, 2017 is yet another important article.

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