Short Interest in Ashtead Group plc (OTCMKTS:ASHTF) Declines By 45.7%

Ashtead Group plc (OTCMKTS:ASHTF) was the recipient of a large decrease in short interest in the month of December. As of December 15th, there was short interest totalling 312,300 shares, a decrease of 45.7% from the November 30th total of 574,800 shares. Based on an average daily volume of 21,800 shares, the short-interest ratio is currently 14.3 days.

Ashtead Group Trading Down 0.9 %

OTCMKTS:ASHTF traded down $0.54 during trading hours on Friday, reaching $61.55. 25,986 shares of the stock were exchanged, compared to its average volume of 6,992. The firm has a 50 day simple moving average of $74.78 and a 200-day simple moving average of $71.87. Ashtead Group has a 52 week low of $59.60 and a 52 week high of $83.00.

Analyst Ratings Changes

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

About Ashtead Group

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.