Aston Martin Lagonda Global Holdings plc. (OTCMKTS:ARGGY) Sees Large Decrease in Short Interest

Aston Martin Lagonda Global Holdings plc. (OTCMKTS:ARGGY) saw a large drop in short interest in July. As of July 31st, there was short interest totaling 86,283 shares, a drop of 43.1% from the July 15th total of 151,756 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 134,178 shares, the days-to-cover ratio is currently 0.6 days.

Analysts Set New Price Targets

A number of analysts have recently weighed in on ARGGY shares. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Aston Martin Lagonda Global in a research report on Thursday, July 30th. Citigroup restated a “neutral” rating on shares of Aston Martin Lagonda Global in a research note on Monday, August 3rd. Five investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Aston Martin Lagonda Global Stock Performance

Aston Martin Lagonda Global stock opened at $0.44 on Wednesday. The firm’s 50 day moving average price is $0.49 and its two-hundred day moving average price is $0.58. Aston Martin Lagonda Global has a twelve month low of $0.41 and a twelve month high of $1.12.

Aston Martin Lagonda Global Company Profile

Aston Martin Lagonda Global plc is the holding company for Aston Martin Lagonda, a British manufacturer specializing in luxury performance automobiles. The company designs, engineers and assembles a portfolio of high-end sports cars, grand tourers and luxury SUVs. Its product range includes long-standing model lines such as the DB series and Vantage, as well as the DBX SUV, and a limited number of flagship hypercars including the Valkyrie and Valhalla. Under its Lagonda marque, the company is also developing all-electric luxury vehicles aimed at the ultra-premium segment.

Manufacturing and R&D are centered at its headquarters in Gaydon, Warwickshire, England, where the company integrates bespoke craftsmanship with advanced technologies.