Transurban Group (OTCMKTS:TRAUF) Sees Large Growth in Short Interest

Transurban Group (OTCMKTS:TRAUF – Get Rating) saw a significant growth in short interest in December. As of December 30th, there was short interest totalling 3,389,900 shares, a growth of 56.3% from the December 15th total of 2,168,800 shares. Based on an average trading volume of 7,400 shares, the short-interest ratio is presently 458.1 days.

Transurban Group Stock Down 1.6 %

OTCMKTS:TRAUF opened at $9.43 on Thursday. Transurban Group has a 12 month low of $7.70 and a 12 month high of $10.64. The company has a 50 day simple moving average of $9.22 and a two-hundred day simple moving average of $9.20.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Citigroup raised shares of Transurban Group from a “neutral” rating to a “buy” rating in a research report on Tuesday, January 3rd. The Goldman Sachs Group assumed coverage on shares of Transurban Group in a research report on Monday, November 7th. They set a “sell” rating for the company. Finally, Credit Suisse Group raised shares of Transurban Group from an “underperform” rating to a “neutral” rating in a research report on Wednesday, October 5th.

Transurban Group Company Profile

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Transurban Group develops, operates, manages, and maintains toll road networks. It operates 21 toll roads in Sydney, Melbourne, and Brisbane in Australia; the Greater Washington area, the United States; and Montreal, North America. The company is headquartered in Melbourne, Australia.