CAR Group Limited (OTCMKTS:CSXXY) Sees Significant Decline in Short Interest

CAR Group Limited (OTCMKTS:CSXXY) was the target of a large decrease in short interest during the month of September. As of September 15th, there was short interest totaling 291 shares, a decrease of 42.0% from the August 31st total of 502 shares. Based on an average trading volume of 187 shares, the days-to-cover ratio is currently 1.6 days.

CAR Group Stock Performance

CSXXY traded down $0.54 during trading on Wednesday, hitting $30.00. The stock had a trading volume of 204 shares, compared to its average volume of 649. CAR Group has a twelve month low of $28.03 and a twelve month high of $50.85. The company’s 50-day moving average price is $37.21 and its 200 day moving average price is $36.15.

About CAR Group

CAR Group Limited is a digital automotive marketplace operator headquartered in Melbourne, Australia. Formerly known as carsales.com Ltd., the company operates online platforms that connect consumers, dealers and manufacturers for the buying and selling of new and used vehicles, while also providing automotive advertising, data and software services.

The company’s Australian platform, carsales, offers listings for passenger vehicles, motorcycles, trucks, caravans and other automotive products.