CAR Group Limited (OTCMKTS:CSXXY) Sees Significant Drop in Short Interest

CAR Group Limited (OTCMKTS:CSXXY) was the recipient of a large decrease in short interest in the month of May. As of May 15th, there was short interest totaling 55 shares, a decrease of 83.9% from the April 30th total of 342 shares. Based on an average trading volume of 243 shares, the short-interest ratio is currently 0.2 days.

CAR Group Price Performance

Shares of CSXXY remained flat at $32.76 on Thursday. The stock had a trading volume of 201 shares, compared to its average volume of 558. The company’s 50-day moving average price is $34.95 and its 200-day moving average price is $37.99. CAR Group has a 52 week low of $28.03 and a 52 week high of $57.95.

About CAR Group

CAR Group Limited engages in the operation of online automotive, motorcycle, and marine classifieds business in Australia, New Zealand, Brazil, South Korea, Malaysia, Indonesia, Thailand, Chile, China, the United States, and Mexico. The company operates through six segments: Australia Online Advertising Services; Australia Data, Research and Services; Investments; North America; Latin America; and Asia segments. The Australia Online Advertising Services segment offers classified advertising that allows private and dealer customers to advertise automotive and non-automotive goods and services for sale across the carsales network; products, including subscriptions, lead fees, listing fees, and priority placement services; and display advertising services, such as placing advertisements for corporate customers comprising automotive manufacturers and finance companies.