Ashtead Group plc (OTCMKTS:ASHTF) Sees Significant Decrease in Short Interest

Ashtead Group plc (OTCMKTS:ASHTF) was the recipient of a large decrease in short interest in the month of November. As of November 30th, there was short interest totalling 574,800 shares, a decrease of 40.7% from the November 15th total of 968,500 shares. Based on an average daily volume of 3,600 shares, the short-interest ratio is presently 159.7 days.

Ashtead Group Trading Down 2.7 %

Shares of OTCMKTS:ASHTF opened at $65.75 on Friday. Ashtead Group has a 12-month low of $59.60 and a 12-month high of $83.00. The business’s fifty day simple moving average is $77.37 and its 200-day simple moving average is $72.51.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada raised shares of Ashtead Group from a “sector perform” rating to an “outperform” rating in a 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.