Short Interest in CAR Group Limited (OTCMKTS:CSXXY) Increases By 143.0%

CAR Group Limited (OTCMKTS:CSXXY) saw a significant growth in short interest in August. As of August 14th, there was short interest totaling 571 shares, a growth of 143.0% from the July 30th total of 235 shares. Based on an average trading volume of 4,306 shares, the short-interest ratio is presently 0.1 days.

CAR Group Price Performance

CSXXY opened at $40.13 on Friday. The firm’s fifty day simple moving average is $36.75 and its 200 day simple moving average is $36.04. CAR Group has a 12 month low of $28.03 and a 12 month high of $57.95.

CAR Group Company Profile

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.