Atlas Arteria Limited (OTCMKTS:MAQAF) Short Interest Down 76.3% in July

Atlas Arteria Limited (OTCMKTS:MAQAF) saw a significant decrease in short interest in the month of July. As of July 15th, there was short interest totaling 1,361,482 shares, a decrease of 76.3% from the June 30th total of 5,755,870 shares. Based on an average daily volume of 338 shares, the days-to-cover ratio is currently 4,028.1 days.

Atlas Arteria Stock Performance

Shares of Atlas Arteria stock remained flat at $3.30 on Friday. Atlas Arteria has a 12 month low of $2.69 and a 12 month high of $4.09. The business has a 50-day simple moving average of $3.53 and a 200-day simple moving average of $3.38.

Wall Street Analysts Forecast Growth

Separately, Royal Bank Of Canada cut shares of Atlas Arteria to an “underperform” rating and set a $4.75 target price for the company. in a research note on Thursday, July 2nd. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has an average rating of “Sell” and an average price target of $4.75.

About Atlas Arteria

Atlas Arteria (OTCMKTS: MAQAF) is a global toll road owner and operator specializing in the development, management and long-term investment of transport infrastructure. The company partners with governments and institutional investors to acquire, manage and optimise concession-based road assets, generating stable revenue streams through user fees and toll collections. Atlas Arteria focuses on enhancing traffic flow and safety through targeted capital improvements and operational efficiencies across its portfolio.

The company’s primary assets span North America, Europe and Australia.