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

CAR Group Limited (OTCMKTS:CSXXY) saw a significant increase in short interest in the month of December. As of December 15th, there was short interest totaling 175 shares, an increase of 118.8% from the November 30th total of 80 shares. Based on an average daily trading volume, of 454 shares, the short-interest ratio is currently 0.4 days. Based on an average daily trading volume, of 454 shares, the short-interest ratio is currently 0.4 days.

CAR Group Price Performance

Shares of OTCMKTS:CSXXY remained flat at $40.01 during trading on Friday. The stock had a trading volume of 228 shares, compared to its average volume of 1,710. CAR Group has a 1 year low of $36.00 and a 1 year high of $57.95. The business’s 50-day moving average price is $43.51 and its 200-day moving average price is $47.36.

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. 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.