What’s in Axalta Coating Systems Limited (NYSE:AXTA) After Decline in Shorted Shares?

December 7, 2017 - By Jacob Falcon

 What’s in Axalta Coating Systems Limited (NYSE:AXTA) After Decline in Shorted Shares?

The stock of Axalta Coating Systems Limited (NYSE:AXTA) registered a decrease of 15.22% in short interest. AXTA’s total short interest was 9.07 million 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 firm earned “Outperform” rating on Monday, June 27 by Credit Suisse. The company was maintained on Thursday, November 30 by RBC Capital Markets. The rating was downgraded by Gabelli on Thursday, February 9 to “Hold”. Barclays Capital maintained Axalta Coating Systems Ltd. (NYSE:AXTA) rating on Friday, August 4. Barclays Capital has “Equal-Weight” rating and $33 target. Bank of America downgraded the stock to “Underperform” rating in Wednesday, June 21 report. The rating was downgraded by JP Morgan to “Neutral” on Thursday, October 29. The rating was maintained by RBC Capital Markets on Thursday, July 13 with “Buy”. The firm earned “Buy” rating on Friday, December 1 by Robert W. Baird. The firm has “Neutral” rating by Citigroup given on Monday, January 9. The firm has “Outperform” rating by Credit Suisse given on Thursday, February 11.

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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