Short Interest in Ashtead Group plc (OTCMKTS:ASHTY) Increases By 866.7%

Ashtead Group plc (OTCMKTS:ASHTY) was the target of a significant growth in short interest during the month of June. As of June 15th, there was short interest totalling 5,800 shares, a growth of 866.7% from the May 31st total of 600 shares. Based on an average daily trading volume, of 12,700 shares, the days-to-cover ratio is currently 0.5 days.

Ashtead Group Stock Performance

OTCMKTS:ASHTY opened at $269.81 on Friday. Ashtead Group has a 1 year low of $221.86 and a 1 year high of $316.06. The firm’s fifty day simple moving average is $291.46 and its 200 day simple moving average is $279.81. The company has a current ratio of 1.36, a quick ratio of 1.24 and a debt-to-equity ratio of 1.24. The firm has a market capitalization of $29.50 billion, a PE ratio of 18.51, a PEG ratio of 1.58 and a beta of 1.69.

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.