CAR Group Limited (OTCMKTS:CSXXY) Short Interest Up 200.0% in September

CAR Group Limited (OTCMKTS:CSXXY) was the recipient of a significant growth in short interest in September. As of September 15th, there was short interest totaling 900 shares, a growth of 200.0% from the August 31st total of 300 shares. Based on an average daily volume of 1,200 shares, the short-interest ratio is currently 0.8 days. Based on an average daily volume of 1,200 shares, the short-interest ratio is currently 0.8 days.

Analyst Upgrades and Downgrades

Separately, Royal Bank Of Canada upgraded shares of CAR Group from a “sector perform” rating to an “outperform” rating and set a $41.00 target price on the stock in a report on Tuesday, August 12th. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $41.00.

CAR Group Price Performance

Shares of CSXXY opened at $49.34 on Friday. CAR Group has a twelve month low of $36.00 and a twelve month high of $57.95. The firm’s 50 day moving average price is $51.19 and its two-hundred day moving average price is $46.76.

About CAR Group

CAR Group Limited engages in the operation of online automotive, motorcycle, and marine classifieds business in Australia, New Zealand, Brazil, South Korea, Malaysia, Indonesia, Thailand, Chile, China, the United States, and Mexico. The company operates through six segments: Australia Online Advertising Services; Australia Data, Research and Services; Investments; North America; Latin America; and Asia segments.