Ashtead Group plc (OTCMKTS:ASHTF) Short Interest Down 45.7% in December

Ashtead Group plc (OTCMKTS:ASHTF) was the recipient of a significant drop in short interest in December. As of December 15th, there was short interest totalling 312,300 shares, a drop of 45.7% from the November 30th total of 574,800 shares. Based on an average daily trading volume, of 21,800 shares, the short-interest ratio is presently 14.3 days.

Ashtead Group Stock Down 0.9 %

OTCMKTS:ASHTF traded down $0.54 during trading hours on Friday, hitting $61.55. 25,986 shares of the company’s stock traded hands, compared to its average volume of 6,992. Ashtead Group has a twelve month low of $59.60 and a twelve month high of $83.00. The stock’s fifty day moving average price is $74.78 and its two-hundred day moving average price is $71.87.

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 research note 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.