Ashtead Group plc (OTCMKTS:ASHTF) Short Interest Up 29.2% in December

by · The Markets Daily

Ashtead Group plc (OTCMKTS:ASHTF – Get Free Report) was the target of a large growth in short interest in the month of December. As of December 31st, there was short interest totalling 403,400 shares, a growth of 29.2% from the December 15th total of 312,300 shares. Based on an average daily trading volume, of 30,900 shares, the days-to-cover ratio is currently 13.1 days.

Ashtead Group Stock Up 2.0 %

Ashtead Group stock traded up $1.25 during trading on Friday, reaching $63.73. 14,490 shares of the company’s stock were exchanged, compared to its average volume of 12,049. The company’s 50-day moving average is $70.55 and its two-hundred day moving average is $71.14. Ashtead Group has a 52-week low of $58.80 and a 52-week high of $83.00.

Analyst Ratings Changes

Separately, Royal Bank of Canada upgraded Ashtead Group from a “sector perform” rating to an “outperform” rating in a report on Tuesday, December 3rd.

Read Our Latest Stock Report on Ashtead Group

About Ashtead Group

(Get Free Report)

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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