Ashtead Group plc (OTCMKTS:ASHTF – Get Free Report) was the target of a significant drop in short interest during the month of January. As of January 31st, there was short interest totalling 332,500 shares, a drop of 9.8% from the January 15th total of 368,800 shares. Based on an average daily volume of 29,700 shares, the short-interest ratio is currently 11.2 days.
Ashtead Group Stock Performance
Shares of OTCMKTS ASHTF opened at $66.38 on Monday. The company has a 50 day simple moving average of $64.39 and a two-hundred day simple moving average of $70.82. Ashtead Group has a 12 month low of $58.80 and a 12 month high of $83.00.
Analyst Upgrades and Downgrades
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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