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

Altus Group Limited (OTCMKTS:ASGTF – Get Rating) was the target of a large drop in short interest in February. As of February 28th, there was short interest totalling 168,700 shares, a drop of 27.8% from the February 13th total of 233,600 shares. Based on an average trading volume of 2,000 shares, the short-interest ratio is currently 84.4 days.

Wall Street Analyst Weigh In

Several analysts recently issued reports on ASGTF shares. Scotiabank increased their price target on shares of Altus Group from C$59.00 to C$69.00 in a research report on Monday, February 27th. Royal Bank of Canada increased their price target on shares of Altus Group from C$65.00 to C$75.00 in a research report on Friday, February 24th. BMO Capital Markets increased their price target on shares of Altus Group to C$73.00 in a research report on Friday, February 24th. National Bank Financial raised their target price on shares of Altus Group from C$65.00 to C$75.00 in a research report on Friday, February 24th. Finally, TD Securities raised their target price on shares of Altus Group from C$65.00 to C$75.00 in a research report on Friday, February 24th.

Altus Group Stock Performance

Shares of OTCMKTS:ASGTF opened at $40.48 on Friday. The firm’s fifty day moving average is $40.68 and its 200-day moving average is $38.27. Altus Group has a 52 week low of $31.97 and a 52 week high of $48.03.

About Altus Group

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Altus Group Ltd. provides independent advisory services, and software and data solutions to the global commercial real estate industry. It operates through the following segments: Altus Analytics, Commercial Real Estate Consulting, and Geomatics. Altus Analytics provides data, software, and technology-related services.