Ashtead Group plc (OTCMKTS:ASHTF) Sees Significant Decrease in Short Interest

Ashtead Group plc (OTCMKTS:ASHTF) was the target of a significant decrease in short interest during the month of December. As of December 15th, there was short interest totalling 312,300 shares, a decrease of 45.7% from the November 30th total of 574,800 shares. Based on an average daily volume of 21,800 shares, the days-to-cover ratio is presently 14.3 days.

Wall Street Analysts Forecast Growth

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

Ashtead Group Stock Down 0.9 %

Ashtead Group stock traded down $0.54 during midday trading on Friday, reaching $61.55. The stock had a trading volume of 25,986 shares, compared to its average volume of 6,992. The firm’s fifty day simple moving average is $74.78 and its 200-day simple moving average is $71.87. Ashtead Group has a 1-year low of $59.60 and a 1-year high of $83.00.

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.