Aston Martin Lagonda Global Holdings plc. (OTCMKTS:ARGGY) Sees Large Increase in Short Interest

Aston Martin Lagonda Global Holdings plc. (OTCMKTS:ARGGY) saw a significant increase in short interest in December. As of December 31st, there was short interest totaling 7,090 shares, an increase of 30.2% from the December 15th total of 5,446 shares. Based on an average daily trading volume, of 119,971 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are short sold. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 119,971 shares, the short-interest ratio is presently 0.1 days.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on ARGGY. HSBC restated a “hold” rating on shares of Aston Martin Lagonda Global in a research report on Tuesday. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Aston Martin Lagonda Global in a research note on Wednesday, October 1st. Finally, The Goldman Sachs Group initiated coverage on Aston Martin Lagonda Global in a research report on Sunday, November 23rd. They issued a “hold” rating on the stock. Five equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Aston Martin Lagonda Global Trading Up 2.7%

OTCMKTS ARGGY opened at $0.83 on Friday. The company’s fifty day moving average price is $0.82 and its two-hundred day moving average price is $0.91. Aston Martin Lagonda Global has a 12 month low of $0.71 and a 12 month high of $1.60.

About Aston Martin Lagonda Global

Aston Martin Lagonda Global plc is the holding company for Aston Martin Lagonda, a British manufacturer specializing in luxury performance automobiles. The company designs, engineers and assembles a portfolio of high-end sports cars, grand tourers and luxury SUVs. Its product range includes long-standing model lines such as the DB series and Vantage, as well as the DBX SUV, and a limited number of flagship hypercars including the Valkyrie and Valhalla. Under its Lagonda marque, the company is also developing all-electric luxury vehicles aimed at the ultra-premium segment.

Manufacturing and R&D are centered at its headquarters in Gaydon, Warwickshire, England, where the company integrates bespoke craftsmanship with advanced technologies.