Ashtead Group plc (OTCMKTS:ASHTF – Get Free Report) was the recipient of a large decrease in short interest in 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 trading volume of 21,800 shares, the days-to-cover ratio is currently 14.3 days.
Ashtead Group Price Performance
ASHTF traded up $0.34 on Friday, reaching $62.09. The stock had a trading volume of 6,220 shares, compared to its average volume of 6,911. The firm has a 50-day moving average of $75.11 and a 200-day moving average of $71.95. Ashtead Group has a fifty-two week low of $59.60 and a fifty-two week high of $83.00.
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.
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.
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