Atlas Arteria Limited (OTCMKTS:MAQAF) Short Interest Down 76.3% in July

Atlas Arteria Limited (OTCMKTS:MAQAF) was the recipient of a significant decrease in short interest in July. As of July 15th, there was short interest totaling 1,361,482 shares, a decrease of 76.3% from the June 30th total of 5,755,870 shares. Based on an average trading volume of 338 shares, the days-to-cover ratio is presently 4,028.1 days.

Atlas Arteria Price Performance

Shares of MAQAF stock remained flat at $3.30 during trading on Friday. Atlas Arteria has a 52 week low of $2.69 and a 52 week high of $4.09. The firm has a 50 day simple moving average of $3.53 and a two-hundred day simple moving average of $3.38.

Analyst Upgrades and Downgrades

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

About Atlas Arteria

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.