CAR Group Limited (OTCMKTS:CSXXY) Sees Significant Drop in Short Interest

CAR Group Limited (OTCMKTS:CSXXY – Get Free Report) was the recipient of a significant drop in short interest during the month of May. As of May 15th, there was short interest totaling 55 shares, a drop of 83.9% from the April 30th total of 342 shares. Based on an average daily volume of 243 shares, the short-interest ratio is currently 0.2 days.

CAR Group Price Performance

Shares of CSXXY remained flat at $32.76 during mid-day trading on Thursday. The stock had a trading volume of 201 shares, compared to its average volume of 558. The stock’s 50 day moving average is $34.95 and its 200-day moving average is $37.99. CAR Group has a 12-month low of $28.03 and a 12-month high of $57.95.

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About CAR Group

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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.

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