Short Interest in Aston Martin Lagonda Global Holdings plc. (OTCMKTS:ARGGY) Expands By 140.1%

Aston Martin Lagonda Global Holdings plc. (OTCMKTS:ARGGY) saw a significant increase in short interest in the month of March. As of March 13th, there was short interest totaling 277,945 shares, an increase of 140.1% from the February 26th total of 115,782 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 257,757 shares, the short-interest ratio is presently 1.1 days.

Aston Martin Lagonda Global Stock Up 3.2%

Shares of ARGGY opened at $0.51 on Thursday. Aston Martin Lagonda Global has a 12 month low of $0.48 and a 12 month high of $1.22. The firm’s 50 day moving average is $0.71 and its 200-day moving average is $0.81.

Wall Street Analyst Weigh In

Several research firms recently issued reports on ARGGY. Sanford C. Bernstein downgraded Aston Martin Lagonda Global from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 11th. HSBC reiterated a “hold” rating on shares of Aston Martin Lagonda Global in a research report on Tuesday, January 13th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Aston Martin Lagonda Global in a research report on Monday, February 23rd. Six equities research analysts have rated the stock with a Hold rating, According to MarketBeat, Aston Martin Lagonda Global currently has an average rating of “Hold”.

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.