Ashtead Group plc (OTCMKTS:ASHTF) Short Interest Down 9.8% in January

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

Ashtead Group Price Performance

Shares of ASHTF opened at $66.38 on Friday. The business’s 50 day moving average is $64.39 and its 200 day moving average is $70.82. Ashtead Group has a 12-month low of $58.80 and a 12-month high of $83.00.

Analysts Set New Price Targets

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