Ashtead Group plc (OTCMKTS:ASHTF) Sees Large Growth in Short Interest

Ashtead Group plc (OTCMKTS:ASHTF) was the target of a large increase in short interest during the month of January. As of January 15th, there was short interest totalling 403,400 shares, an increase of 29.2% from the December 31st total of 312,300 shares. Based on an average daily volume of 30,900 shares, the short-interest ratio is presently 13.1 days.

Ashtead Group Stock Up 0.7 %

OTCMKTS ASHTF traded up $0.50 during mid-day trading on Friday, reaching $67.50. 32,757 shares of the stock were exchanged, compared to its average volume of 13,377. The business’s fifty day simple moving average is $68.06 and its 200 day simple moving average is $71.21. Ashtead Group has a 1-year low of $58.80 and a 1-year 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.

Ashtead Group Company Profile

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.