Ashtead Group plc (OTCMKTS:ASHTY) Short Interest Down 90.6% in November

Ashtead Group plc (OTCMKTS:ASHTY) saw a significant decrease in short interest in the month of November. As of November 30th, there was short interest totalling 3,000 shares, a decrease of 90.6% from the November 15th total of 32,000 shares. Based on an average daily volume of 14,500 shares, the days-to-cover ratio is currently 0.2 days.

Ashtead Group Stock Performance

OTCMKTS:ASHTY opened at $267.41 on Friday. The company has a market cap of $29.23 billion, a price-to-earnings ratio of 18.95, a PEG ratio of 1.94 and a beta of 1.64. Ashtead Group has a fifty-two week low of $241.94 and a fifty-two week high of $337.95. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.08 and a current ratio of 1.17. The stock has a fifty day moving average price of $312.81 and a 200-day moving average price of $292.87.

Analyst Ratings Changes

A number of brokerages recently commented on ASHTY. Royal Bank of Canada upgraded shares of Ashtead Group from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, December 3rd. Berenberg Bank raised Ashtead Group to a “strong-buy” rating in a report on Thursday, September 19th.

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.