Ashtead Group plc (OTCMKTS:ASHTF) Sees Large Growth in Short Interest

Ashtead Group plc (OTCMKTS:ASHTF – Get Rating) was the recipient of a large increase in short interest in December. As of December 30th, there was short interest totalling 119,800 shares, an increase of 30.5% from the December 15th total of 91,800 shares. Based on an average trading volume of 13,000 shares, the short-interest ratio is currently 9.2 days.

Ashtead Group Price Performance

ASHTF opened at $62.62 on Friday. The stock’s 50-day moving average price is $59.37 and its 200 day moving average price is $52.92. Ashtead Group has a 12-month low of $39.89 and a 12-month high of $74.10.

Ashtead Group Company Profile

(Get Rating)

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.