CAR Group Limited (OTCMKTS:CSXXY) Sees Large Growth in Short Interest

CAR Group Limited (OTCMKTS:CSXXY) was the target of a large growth in short interest in March. As of March 31st, there was short interest totalling 2,100 shares, a growth of 162.5% from the March 15th total of 800 shares. Based on an average daily volume of 1,000 shares, the days-to-cover ratio is presently 2.1 days.

CAR Group Stock Performance

CAR Group stock remained flat at $40.84 during mid-day trading on Thursday. 224 shares of the company’s stock were exchanged, compared to its average volume of 2,972. The company has a fifty day moving average price of $42.91 and a two-hundred day moving average price of $46.76. CAR Group has a twelve month low of $36.00 and a twelve month high of $54.99.

CAR Group Increases Dividend

The firm also recently announced a dividend, which will be paid on Tuesday, April 29th. Investors of record on Monday, March 17th will be given a dividend of $0.483 per share. The ex-dividend date of this dividend is Monday, March 17th. This is an increase from CAR Group’s previous dividend of $0.22.

CAR Group Company Profile

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.