Short Interest in Ashtead Group plc (OTCMKTS:ASHTF) Drops By 40.7%

Ashtead Group plc (OTCMKTS:ASHTF) saw a significant drop in short interest in November. As of November 30th, there was short interest totalling 574,800 shares, a drop of 40.7% from the November 15th total of 968,500 shares. Based on an average trading volume of 3,600 shares, the short-interest ratio is presently 159.7 days.

Analyst Upgrades and Downgrades

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

Ashtead Group Stock Down 2.7 %

Shares of OTCMKTS:ASHTF opened at $65.75 on Friday. The business’s 50-day moving average is $77.37 and its 200 day moving average is $72.51. Ashtead Group has a 1 year low of $59.60 and a 1 year high of $83.00.

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.