Altus Group Limited (OTCMKTS:ASGTF) Sees Large Decrease in Short Interest

Altus Group Limited (OTCMKTS:ASGTFGet Rating) was the target of a significant decline in short interest in October. As of October 31st, there was short interest totalling 382,600 shares, a decline of 9.2% from the October 15th total of 421,300 shares. Based on an average trading volume of 100 shares, the short-interest ratio is presently 3,826.0 days.

Altus Group Stock Performance

Shares of OTCMKTS ASGTF opened at $42.35 on Wednesday. Altus Group has a 52 week low of $31.97 and a 52 week high of $56.13. The firm has a 50-day moving average price of $35.42 and a 200 day moving average price of $36.39.

Analyst Ratings Changes

Several analysts have recently weighed in on ASGTF shares. Royal Bank of Canada lifted their target price on shares of Altus Group from C$61.00 to C$70.00 in a report on Friday, August 12th. Scotiabank lifted their target price on shares of Altus Group from C$58.00 to C$59.00 in a report on Friday, November 11th. Stifel Nicolaus raised their price objective on shares of Altus Group from C$55.00 to C$62.00 in a research note on Friday, August 12th. Finally, National Bank Financial reduced their price objective on shares of Altus Group from C$70.00 to C$60.00 in a research note on Thursday, October 20th.

Altus Group Company Profile

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Altus Group Limited provides software, data solutions, and independent advisory services to the commercial real estate industry in Canada, the United States, Europe, and the Asia Pacific. It operates through Altus Analytics and Commercial Real Estate Consulting (CRE Consulting) segments. The Altus Analytics segment offers ARGUS Enterprise, a commercial property valuation and asset management software; ARGUS Taliance, a real estate fund and alternative investment management software; ARGUS EstateMaster, a property development feasibility and management software; and ARGUS Developer, a real estate development pro forma and management software solution; ARGUS Voyanta, a powerful data aggregation, validation, and reporting software solution; ARGUS Acquire, a real estate acquisition deals and pipeline management software; and ARGUS ValueInsight, a commercial real estate valuation software.

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