Transurban Group (OTCMKTS:TRAUF – Get Free Report) saw a significant decrease in short interest in the month of August. As of August 14th, there was short interest totaling 1,849,382 shares, a decrease of 40.8% from the July 30th total of 3,125,815 shares. Based on an average daily volume of 3,942 shares, the short-interest ratio is presently 469.1 days.
Transurban Group Stock Performance
Transurban Group stock opened at $10.29 on Monday. The firm’s 50-day moving average is $10.24 and its 200-day moving average is $10.18. Transurban Group has a 1 year low of $8.67 and a 1 year high of $11.30.
Transurban Group Company Profile
Transurban Group is an Australian-based toll road developer and operator specializing in the financing, development, management and maintenance of urban tolling infrastructure. Headquartered in Melbourne, the company leverages public–private partnership models to design and deliver highway networks that aim to improve traffic flow, reduce congestion and enhance safety across metropolitan regions.
Since its establishment in the mid-1990s and subsequent listing on the Australian Securities Exchange, Transurban has grown from its original CityLink project in Melbourne to a diversified portfolio of assets.
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