CAR Group Limited (OTCMKTS:CSXXY) Short Interest Up 2,065.5% in May

CAR Group Limited (OTCMKTS:CSXXY) was the target of a significant growth in short interest in 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

Shares of OTCMKTS CSXXY traded up $1.20 during trading hours on Tuesday, hitting $38.70. 532 shares of the company’s stock were exchanged, compared to its average volume of 632. The company’s 50-day moving average price is $35.73 and its 200-day moving average price is $37.59. CAR Group has a 1-year low of $28.03 and a 1-year high of $57.95.

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. 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.