Ashtead Group plc (OTCMKTS:ASHTF – Get Free Report) was the target of a significant growth in short interest in January. As of January 15th, there was short interest totalling 403,400 shares, a growth of 29.2% from the December 31st total of 312,300 shares. Based on an average daily trading volume, of 30,900 shares, the days-to-cover ratio is presently 13.1 days.
Ashtead Group Price Performance
Shares of ASHTF stock opened at $67.00 on Thursday. The company’s 50-day moving average price is $68.29 and its 200-day moving average price is $71.23. Ashtead Group has a twelve month low of $58.80 and a twelve month high of $83.00.
Analysts Set New Price Targets
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.
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