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 during the month of January. As of January 31st, there was short interest totalling 332,500 shares, a decrease of 9.8% from the January 15th total of 368,800 shares. Based on an average trading volume of 29,700 shares, the days-to-cover ratio is presently 11.2 days.

Wall Street Analyst Weigh In

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.

Ashtead Group Stock Performance

Shares of OTCMKTS ASHTF opened at $66.38 on Friday. Ashtead Group has a 12-month low of $58.80 and a 12-month high of $83.00. The firm’s 50-day moving average price is $64.39 and its 200-day moving average price is $70.82.

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.