CAR Group Limited (OTCMKTS:CSXXY) Short Interest Up 700.0% in March

CAR Group Limited (OTCMKTS:CSXXY) was the target of a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 800 shares, a growth of 700.0% from the February 28th total of 100 shares. Based on an average daily volume of 1,100 shares, the days-to-cover ratio is currently 0.7 days.

CAR Group Price Performance

OTCMKTS:CSXXY remained flat at $42.60 during midday trading on Thursday. The company had a trading volume of 21 shares, compared to its average volume of 2,472. The firm has a fifty day moving average of $44.83 and a two-hundred day moving average of $48.12. CAR Group has a twelve month low of $36.94 and a twelve month high of $54.99.

CAR Group Increases Dividend

The company also recently declared a dividend, which will be paid on Tuesday, April 29th. Stockholders of record on Monday, March 17th will be issued a dividend of $0.483 per share. This is an increase from CAR Group’s previous dividend of $0.22. The ex-dividend date of this dividend is Monday, March 17th.

CAR Group Company Profile

CAR Group Limited engages in the operation of online automotive, motorcycle, and marine classifieds business in Australia, New Zealand, Brazil, South Korea, Malaysia, Indonesia, Thailand, Chile, China, the United States, and Mexico. The company operates through six segments: Australia Online Advertising Services; Australia Data, Research and Services; Investments; North America; Latin America; and Asia segments.