Ashtead Group plc (OTCMKTS:ASHTY) Sees Large Decrease in Short Interest

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

Analysts Set New Price Targets

ASHTY has been the topic of several analyst reports. Royal Bank of Canada raised shares of Ashtead Group from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, December 3rd. Berenberg Bank upgraded Ashtead Group to a “strong-buy” rating in a research report on Thursday, September 19th.

Ashtead Group Trading Down 13.9 %

OTCMKTS:ASHTY traded down $44.91 on Wednesday, reaching $279.00. 99,615 shares of the company’s stock were exchanged, compared to its average volume of 14,079. The business has a fifty day moving average of $314.64 and a 200-day moving average of $293.29. The company has a quick ratio of 1.08, a current ratio of 1.17 and a debt-to-equity ratio of 1.08. Ashtead Group has a 52-week low of $241.94 and a 52-week high of $337.95. The firm has a market capitalization of $30.50 billion, a price-to-earnings ratio of 22.86, a price-to-earnings-growth ratio of 1.94 and a beta of 1.64.

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.