Ashtead Group plc (OTCMKTS:ASHTF) Short Interest Up 29.2% in January

Ashtead Group plc (OTCMKTS:ASHTF) was the recipient of a large growth in short interest during the month of 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 volume of 30,900 shares, the days-to-cover ratio is currently 13.1 days.

Analysts Set New Price Targets

Separately, Royal Bank of Canada raised Ashtead Group from a “sector perform” rating to an “outperform” rating in a research report on Tuesday, December 3rd.

Ashtead Group Trading Down 2.6 %

Shares of OTCMKTS ASHTF traded down $1.75 during trading hours on Friday, hitting $65.75. 15,943 shares of the stock were exchanged, compared to its average volume of 13,502. Ashtead Group has a 12 month low of $58.80 and a 12 month high of $83.00. The firm has a fifty day moving average price of $67.76 and a 200-day moving average price of $71.18.

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.