Transurban Group (OTCMKTS:TRAUF – Get Free Report) saw a significant drop in short interest during the month of August. As of August 14th, there was short interest totaling 1,849,382 shares, a drop of 40.8% from the July 30th total of 3,125,815 shares. Based on an average daily trading volume, of 3,942 shares, the days-to-cover ratio is presently 469.1 days.
Transurban Group Stock Performance
Transurban Group stock opened at $10.29 on Monday. The company has a 50-day simple moving average of $10.24 and a 200-day simple moving average of $10.18. Transurban Group has a one year low of $8.67 and a one year high of $11.30.
About Transurban Group
Transurban Group is an Australian-based toll road developer and operator specializing in the financing, development, management and maintenance of urban tolling infrastructure. Headquartered in Melbourne, the company leverages public–private partnership models to design and deliver highway networks that aim to improve traffic flow, reduce congestion and enhance safety across metropolitan regions.
Since its establishment in the mid-1990s and subsequent listing on the Australian Securities Exchange, Transurban has grown from its original CityLink project in Melbourne to a diversified portfolio of assets.
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