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

CAR Group Limited (OTCMKTS:CSXXY) saw a large increase in short interest in the month of May. As of May 29th, there was short interest totaling 1,191 shares, an increase of 2,065.5% from the May 14th total of 55 shares. Based on an average daily volume of 886 shares, the days-to-cover ratio is presently 1.3 days.

CAR Group Stock Up 3.2%

Shares of OTCMKTS CSXXY traded up $1.20 during mid-day trading on Tuesday, hitting $38.70. The company had a trading volume of 532 shares, compared to its average volume of 632. CAR Group has a 12 month low of $28.03 and a 12 month high of $57.95. The business’s 50-day simple moving average is $35.73 and its 200-day simple moving average is $37.59.

About CAR Group

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.