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ABB Ltd (NYSE:ABB - Get Rating) saw a large increase in short interest in September. As of September 15th, there was short interest totalling 2,980,000 shares, an increase of 91.0% from the August 31st total of 1,560,000 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily volume of 1,720,000 shares, the short-interest ratio is currently 1.7 days. Hedge Funds Weigh In On ABB

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Trustcore Financial Services LLC raised its position in shares of ABB by 66.5% in the second quarter. Trustcore Financial Services LLC now owns 941 shares of the industrial products company's stock valued at $25,000 after purchasing an additional 376 shares during the period. First Horizon Advisors Inc. raised its position in shares of ABB by 166.4% in the first quarter. First Horizon Advisors Inc. now owns 818 shares of the industrial products company's stock valued at $26,000 after purchasing an additional 511 shares during the period. Ronald Blue Trust Inc. bought a new position in shares of ABB in the second quarter valued at approximately $29,000. San Luis Wealth Advisors LLC acquired a new stake in shares of ABB in the first quarter worth $31,000. Finally, MCF Advisors LLC acquired a new stake in shares of ABB in the first quarter worth $38,000. Institutional investors own 5.41% of the company's stock. ABB Price Performance

Shares of ABB opened at $26.30 on Thursday. The firm has a market cap of $51.67 billion, a PE ratio of 12.18, a PEG ratio of 3.11 and a beta of 1.11. The firm's 50 day moving average price is $28.49 and its 200 day moving average price is $29.48. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.73 and a current ratio of 1.06. ABB has a twelve month low of $25.20 and a twelve month high of $39.11.

ABB (NYSE:ABB - Get Rating) last issued its quarterly earnings data on Thursday, July 21st. The industrial products company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.10). The business had revenue of $7.25 billion for the quarter, compared to the consensus estimate of $7.86 billion. ABB had a net margin of 14.87% and a return on equity of 17.32%. As a group, research analysts expect that ABB will post 1.31 EPS for the current fiscal year. Wall Street Analyst Weigh In

Several brokerages have commented on ABB. Bank of America cut shares of ABB from a "buy" rating to a "neutral" rating in a report on Wednesday, July 6th. UBS Group decreased their target price on shares of ABB from CHF 37 to CHF 35 in a report on Friday, July 22nd. Citigroup cut shares of ABB from a "buy" rating to a "neutral" rating in a report on Monday, July 11th. Morgan Stanley raised their target price on shares of ABB from CHF 27 to CHF 27.20 in a report on Tuesday, July 5th. Finally, Stifel Nicolaus initiated coverage on shares of ABB in a report on Thursday, June 30th. They issued a "buy" rating for the company. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, ABB has an average rating of "Hold" and a consensus price target of $32.24.About ABB (Get Rating)

ABB Ltd engages in manufacture and sale of electrification, automation, robotics, and motion products for customers in utilities, industry and transport, and infrastructure in Switzerland and internationally. Its Electrification segment provides electric vehicle charging infrastructure, renewable power solutions, modular substation packages, distribution automation products, switchboard and panelboards, switchgear, UPS solutions, circuit breakers, measuring and sensing devices, control products, wiring accessories, enclosures and cabling systems, and intelligent home and building solutions.Featured StoriesGet a free copy of the StockNews.com research report on ABB (ABB)This Little Known Small Cap Is Up 139%: Is The Stock A Buy?A Trio of Q3 Winners With Room to RunCan HCA Healthcare Weather the Normalization? Can United Natural Foods Fight Both Inflation and the Fed?Mullen Automotive Is Ready To Get In Gear

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