Atlas Arteria Limited (OTCMKTS:MAQAF) Sees Significant Growth in Short Interest

Atlas Arteria Limited (OTCMKTS:MAQAF) saw a large increase in short interest during the month of June. As of June 30th, there was short interest totaling 5,755,870 shares, an increase of 264.3% from the June 15th total of 1,579,770 shares. Based on an average daily trading volume, of 2,955 shares, the days-to-cover ratio is presently 1,947.8 days.

Atlas Arteria Price Performance

Shares of MAQAF stock remained flat at $3.55 during trading on Friday. Atlas Arteria has a one year low of $2.69 and a one year high of $3.70. The business’s 50 day moving average is $3.45 and its 200 day moving average is $3.33.

Analysts Set New Price Targets

Separately, Royal Bank Of Canada lowered Atlas Arteria to an “underperform” rating and set a $4.75 target price on the stock. in a research note on Thursday, July 2nd. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, Atlas Arteria has a consensus rating of “Sell” and an average target price of $4.75.

Atlas Arteria Company Profile

Atlas Arteria (OTCMKTS: MAQAF) is a global toll road owner and operator specializing in the development, management and long-term investment of transport infrastructure. The company partners with governments and institutional investors to acquire, manage and optimise concession-based road assets, generating stable revenue streams through user fees and toll collections. Atlas Arteria focuses on enhancing traffic flow and safety through targeted capital improvements and operational efficiencies across its portfolio.

The company’s primary assets span North America, Europe and Australia.