CAR Group Limited (OTCMKTS:CSXXY) Sees Large Growth in Short Interest

CAR Group Limited (OTCMKTS:CSXXY) saw a significant increase in short interest in August. As of August 14th, there was short interest totaling 571 shares, an increase of 143.0% from the July 30th total of 235 shares. Based on an average daily volume of 4,306 shares, the days-to-cover ratio is presently 0.1 days.

CAR Group Price Performance

CSXXY remained flat at $40.13 on Friday. The company’s stock had a trading volume of 35 shares, compared to its average volume of 650. The company has a 50-day simple moving average of $36.76 and a two-hundred day simple moving average of $36.07. CAR Group has a 52 week low of $28.03 and a 52 week high of $57.95.

CAR Group Company Profile

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.