Ashtead Group plc (OTCMKTS:ASHTF) Short Interest Update

Ashtead Group plc (OTCMKTS:ASHTF) was the recipient of a large decline in short interest in the month of January. As of January 31st, there was short interest totalling 332,500 shares, a decline of 9.8% from the January 15th total of 368,800 shares. Based on an average daily trading volume, of 29,700 shares, the short-interest ratio is currently 11.2 days.

Ashtead Group Trading Up 5.8 %

Shares of OTCMKTS:ASHTF opened at $66.38 on Monday. Ashtead Group has a 1 year low of $58.80 and a 1 year high of $83.00. The firm’s 50-day moving average is $64.39 and its two-hundred day moving average is $70.82.

Analysts Set New Price Targets

Separately, Royal Bank of Canada upgraded shares of Ashtead Group from a “sector perform” rating to an “outperform” rating in a report 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.