Inchcape plc (OTCMKTS:IHCPF) Sees Significant Growth in Short Interest

Inchcape plc (OTCMKTS:IHCPF) was the target of a significant increase in short interest in the month of April. As of April 15th, there was short interest totaling 878,094 shares, an increase of 26.6% from the March 31st total of 693,864 shares. Based on an average trading volume of 966 shares, the days-to-cover ratio is currently 909.0 days.

Inchcape Price Performance

OTCMKTS:IHCPF remained flat at C$10.95 on Wednesday. The company’s stock had a trading volume of 9,000 shares, compared to its average volume of 7,100. The stock’s 50 day moving average is C$11.58 and its 200-day moving average is C$10.40. Inchcape has a twelve month low of C$9.13 and a twelve month high of C$12.00.

About Inchcape

Inchcape (OTCMKTS:IHCPF) is a London-based global automotive distribution, retail and after-sales services company. As an independent operator, Inchcape partners with a broad portfolio of vehicle manufacturers to distribute new cars, manage dealer networks and deliver comprehensive maintenance, parts and warranty support. The company’s integrated model also encompasses vehicle financing, insurance and used car remarketing, positioning Inchcape as a full-service provider across the automotive value chain.

The company’s distribution operations secure exclusive or preferred rights for leading brands, while its retail division oversees a network of dealerships that span showroom sales, customer care and parts supply.