Inchcape plc (OTCMKTS:IHCPF) Short Interest Down 8.0% in March

Inchcape plc (OTCMKTS:IHCPF) was the target of a significant decline in short interest in March. As of March 31st, there was short interest totalling 99,400 shares, a decline of 8.0% from the March 15th total of 108,000 shares. Based on an average daily volume of 2,700 shares, the days-to-cover ratio is currently 36.8 days.

Inchcape Price Performance

Shares of IHCPF stock opened at C$9.30 on Wednesday. The company’s fifty day simple moving average is C$8.62 and its 200-day simple moving average is C$8.52. Inchcape has a 12 month low of C$7.83 and a 12 month high of C$10.83.

About Inchcape

Inchcape plc operates as an automotive distributor and retailer. It engages in the distribution, sales, and marketing of new and used cars, and parts. The company also provides aftersales service and body shop repairs; and finance and insurance products and services. It operates in the Asia Pacific, the United Kingdom, rest of Europe, the Americas, and Africa.