Firstgroup PLC Unsponsored ADR (OTCMKTS:FGROY) Sees Significant Decline in Short Interest

Firstgroup PLC Unsponsored ADR (OTCMKTS:FGROYGet Free Report) was the recipient of a significant drop in short interest in the month of May. As of May 15th, there was short interest totaling 132 shares, a drop of 91.9% from the April 30th total of 1,637 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 919 shares, the days-to-cover ratio is currently 0.1 days.

Firstgroup Price Performance

OTCMKTS:FGROY remained flat at $2.16 on Wednesday. The company has a current ratio of 0.70, a quick ratio of 0.68 and a debt-to-equity ratio of 1.41. Firstgroup has a 52-week low of $2.03 and a 52-week high of $3.31. The company’s fifty day moving average is $2.38 and its two-hundred day moving average is $2.50.

About Firstgroup

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FirstGroup plc is a transport operator headquartered in Aberdeen, Scotland, providing bus, coach and rail services across the United Kingdom and North America. The company’s core businesses comprise First Bus, which operates local and regional bus networks in urban and rural communities; First Rail, which holds and operates rail franchises on the UK network; and First Transit, a subsidiary offering outsourced transit management services to public agencies and institutions.

Since its formation in 1986 following the privatization of British Rail, FirstGroup has grown through organic bidding for UK rail and bus contracts and strategic acquisitions overseas.

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