Short Interest in CAR Group Limited (OTCMKTS:CSXXY) Grows By 2,065.5%

CAR Group Limited (OTCMKTS:CSXXY) was the target of a large growth in short interest during the month of May. As of May 29th, there was short interest totaling 1,191 shares, a growth of 2,065.5% from the May 14th total of 55 shares. Based on an average daily volume of 886 shares, the short-interest ratio is currently 1.3 days.

CAR Group Price Performance

OTCMKTS:CSXXY opened at $38.30 on Thursday. The business’s 50-day moving average price is $35.91 and its two-hundred day moving average price is $37.56. CAR Group has a 1-year low of $28.03 and a 1-year high of $57.95.

CAR Group Company Profile

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. The Australia Online Advertising Services segment offers classified advertising that allows private and dealer customers to advertise automotive and non-automotive goods and services for sale across the carsales network; products, including subscriptions, lead fees, listing fees, and priority placement services; and display advertising services, such as placing advertisements for corporate customers comprising automotive manufacturers and finance companies.