CAR Group Limited (OTCMKTS:CSXXY) Short Interest Up 2,065.5% in May

CAR Group Limited (OTCMKTS:CSXXY) saw a large increase in short interest in the month of May. As of May 29th, there was short interest totaling 1,191 shares, an increase of 2,065.5% from the May 14th total of 55 shares. Based on an average trading volume of 886 shares, the days-to-cover ratio is presently 1.3 days.

CAR Group Stock Up 3.2%

Shares of CSXXY opened at $38.70 on Wednesday. CAR Group has a one year low of $28.03 and a one year high of $57.95. The stock has a 50-day moving average of $35.73 and a two-hundred day moving average of $37.59.

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.