Inchcape plc (OTCMKTS:IHCPF) Sees Significant Growth in Short Interest

Inchcape plc (OTCMKTS:IHCPF) was the target of a large increase in short interest in July. As of July 15th, there was short interest totalling 108,800 shares, an increase of 5.1% from the June 30th total of 103,500 shares. Based on an average trading volume of 100 shares, the days-to-cover ratio is presently 1,088.0 days.

Inchcape Stock Performance

IHCPF stock opened at C$11.00 on Friday. Inchcape has a 52-week low of C$7.83 and a 52-week high of C$11.00. The company’s 50 day simple moving average is C$10.36 and its 200-day simple moving average is C$9.24.

About Inchcape

Inchcape plc operates as an automotive distributor and retailer. It engages in the distribution, sales, and marketing of new and used cars, and parts. The company also provides aftersales service and body shop repairs; and finance and insurance products and services, as well as product planning, logistics, brand and marketing, channel management, and retail services.