Ashtead Group plc (OTCMKTS:ASHTF) Short Interest Up 29.2% in January

Ashtead Group plc (OTCMKTS:ASHTF) was the recipient of a significant growth in short interest in the month of January. As of January 15th, there was short interest totalling 403,400 shares, a growth of 29.2% from the December 31st total of 312,300 shares. Based on an average daily trading volume, of 30,900 shares, the short-interest ratio is presently 13.1 days.

Analysts Set New Price Targets

Separately, Royal Bank of Canada upgraded shares of Ashtead Group from a “sector perform” rating to an “outperform” rating in a research note on Tuesday, December 3rd.

Ashtead Group Stock Performance

ASHTF stock opened at $67.00 on Thursday. The company’s 50 day moving average price is $68.29 and its 200 day moving average price is $71.23. Ashtead Group has a fifty-two week low of $58.80 and a fifty-two week high of $83.00.

Ashtead Group Company Profile

Ashtead Group plc, together with its subsidiaries, engages in the construction, industrial, and general equipment rental business in the United States, the United Kingdom, and Canada. It provides pumps, power generation, heating, cooling, scaffolding, traffic management, temporary flooring, trench shoring, and lifting services.