CAR Group Limited (OTCMKTS:CSXXY) Sees Large Growth in Short Interest

CAR Group Limited (OTCMKTS:CSXXY) was the target of a significant growth in short interest in the month of March. As of March 15th, there was short interest totalling 800 shares, a growth of 700.0% from the February 28th total of 100 shares. Based on an average daily volume of 1,100 shares, the short-interest ratio is currently 0.7 days.

CAR Group Stock Performance

CSXXY remained flat at $42.60 during trading on Friday. The company’s stock had a trading volume of 158 shares, compared to its average volume of 2,472. CAR Group has a 12-month low of $36.94 and a 12-month high of $54.99. The business’s fifty day simple moving average is $44.72 and its two-hundred day simple moving average is $48.05.

CAR Group Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Tuesday, April 29th. Investors of record on Monday, March 17th will be issued a dividend of $0.483 per share. The ex-dividend date is Monday, March 17th. This is a boost from CAR Group’s previous dividend of $0.22.

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.