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

Ashtead Group plc (OTCMKTS:ASHTF) saw a large growth in short interest in 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 trading 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 upgraded Ashtead Group from a “sector perform” rating to an “outperform” rating in a report on Tuesday, December 3rd.

Ashtead Group Stock Performance

Shares of ASHTF stock traded down $1.75 on Friday, hitting $65.75. The stock had a trading volume of 15,943 shares, compared to its average volume of 13,502. Ashtead Group has a one year low of $58.80 and a one year high of $83.00. The business has a 50 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.