Ashtead Group plc (OTCMKTS:ASHTF) Short Interest Up 28.4% in February

Ashtead Group plc (OTCMKTS:ASHTF) was the recipient of a large increase in short interest in the month of February. As of February 15th, there was short interest totalling 426,800 shares, an increase of 28.4% from the January 31st total of 332,500 shares. Based on an average daily trading volume, of 16,900 shares, the days-to-cover ratio is presently 25.3 days.

Ashtead Group Stock Up 0.0 %

Ashtead Group stock opened at $59.86 on Tuesday. Ashtead Group has a twelve month low of $58.80 and a twelve month high of $83.00. The stock’s fifty day simple moving average is $63.34 and its 200-day simple moving average is $70.49.

Wall Street Analysts Forecast Growth

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.

Ashtead Group Company Profile

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.