Ashtead Group plc (OTCMKTS:ASHTF – Get Free Report) was the target of a large increase in short interest in the month of December. As of December 31st, there was short interest totalling 403,400 shares, an increase of 29.2% from the December 15th total of 312,300 shares. Based on an average daily volume of 30,900 shares, the days-to-cover ratio is presently 13.1 days.
Ashtead Group Stock Performance
Shares of ASHTF stock traded up $0.45 during trading hours on Thursday, hitting $62.48. The company had a trading volume of 3,491 shares, compared to its average volume of 11,788. The company’s fifty day moving average is $70.93 and its 200 day moving average is $71.19. Ashtead Group has a fifty-two week low of $58.80 and a fifty-two week high of $83.00.
Analyst Ratings Changes
Separately, Royal Bank of Canada raised shares of Ashtead Group from a “sector perform” rating to an “outperform” rating in a research report on Tuesday, December 3rd.
About Ashtead Group
Ashtead Group plc, together with its subsidiaries, engages in the construction, industrial, and general equipment rental business in the United States, the United Kingdom, and Canada. It provides pumps, power generation, heating, cooling, scaffolding, traffic management, temporary flooring, trench shoring, and lifting services.
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