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

CAR Group Limited (OTCMKTS:CSXXY) was the recipient of a large decrease in short interest during the month of July. As of July 15th, there was short interest totaling 629 shares, a decrease of 58.2% from the June 30th total of 1,504 shares. Based on an average daily trading volume, of 1,992 shares, the days-to-cover ratio is currently 0.3 days.

CAR Group Price Performance

Shares of OTCMKTS CSXXY opened at $32.29 on Monday. CAR Group has a 1-year low of $28.03 and a 1-year high of $57.95. The business’s fifty day moving average price is $35.99 and its two-hundred day moving average price is $36.15.

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.