Short Interest in Ashtead Group plc (OTCMKTS:ASHTF) Increases By 22.3%

Ashtead Group plc (OTCMKTS:ASHTF) saw a large growth in short interest in May. As of May 31st, there was short interest totalling 327,600 shares, a growth of 22.3% from the May 15th total of 267,800 shares. Based on an average trading volume of 3,400 shares, the short-interest ratio is presently 96.4 days.

Ashtead Group Price Performance

Shares of OTCMKTS ASHTF traded down $3.27 during mid-day trading on Friday, hitting $68.69. The company had a trading volume of 3,223 shares, compared to its average volume of 3,898. The firm has a 50-day simple moving average of $72.54 and a two-hundred day simple moving average of $68.80. Ashtead Group has a one year low of $56.01 and a one year high of $77.90.

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.