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

CAR Group Limited (OTCMKTS:CSXXY) was the target of a significant increase in short interest in the month of 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 trading volume, of 1,100 shares, the short-interest ratio is currently 0.7 days.

CAR Group Price Performance

CSXXY remained flat at $42.60 during trading hours on Thursday. The company had a trading volume of 21 shares, compared to its average volume of 2,472. The business’s fifty day moving average is $44.83 and its 200-day moving average is $48.12. CAR Group has a 12-month low of $36.94 and a 12-month high of $54.99.

CAR Group Increases Dividend

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

About CAR Group

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.