Ashtead Group plc (OTCMKTS:ASHTF) Sees Large Decline in Short Interest

Ashtead Group plc (OTCMKTS:ASHTF) was the recipient of a large 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 trading volume, of 29,700 shares, the days-to-cover ratio is presently 11.2 days.

Analyst Upgrades and Downgrades

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

Ashtead Group Trading Up 5.8 %

OTCMKTS:ASHTF opened at $66.38 on Tuesday. Ashtead Group has a 1 year low of $58.80 and a 1 year high of $83.00. The firm’s fifty day simple moving average is $64.10 and its 200 day simple moving average is $70.80.

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.