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

CAR Group Limited (OTCMKTS:CSXXY) was the target of a large increase in short interest in March. As of March 15th, there was short interest totalling 800 shares, an increase of 700.0% from the February 28th total of 100 shares. Based on an average daily volume of 1,100 shares, the days-to-cover ratio is presently 0.7 days.

CAR Group Trading Up 1.9 %

Shares of CAR Group stock traded up $0.78 during trading on Wednesday, reaching $42.60. 189 shares of the stock traded hands, compared to its average volume of 2,472. The business has a fifty day simple moving average of $44.83 and a two-hundred day simple moving average of $48.12. CAR Group has a 52-week low of $36.94 and a 52-week high of $54.99.

CAR Group Increases Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, April 29th. Stockholders of record on Monday, March 17th will be issued a dividend of $0.483 per share. This is a boost from CAR Group’s previous dividend of $0.22. The ex-dividend date of this dividend is Monday, March 17th.

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.