Ashtead Group plc (OTCMKTS:ASHTF – Get Free Report) was the recipient of a large growth in short interest during the month of February. As of February 15th, there was short interest totalling 426,800 shares, a growth of 28.4% from the January 31st total of 332,500 shares. Based on an average trading volume of 16,900 shares, the days-to-cover ratio is currently 25.3 days.
Ashtead Group Stock Up 3.1 %
ASHTF opened at $58.27 on Thursday. Ashtead Group has a one year low of $56.07 and a one year high of $83.00. The stock’s 50 day moving average price is $63.20 and its 200-day moving average price is $70.35.
Analysts Set New Price Targets
Separately, Royal Bank of Canada upgraded shares of Ashtead Group from a “sector perform” rating to an “outperform” rating in a 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.
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