Aston Martin Lagonda Global Holdings plc. (OTCMKTS:ARGGY) Sees Large Increase in Short Interest

Key Points

• Short interest jumped 40.4% in April to 430,025 shares as of April 15, leaving a short-interest ratio of about 3.0 days.
• Shares opened at $0.57 and were down 3.8%, trading in a 52-week range of $0.44–$1.22 with 50-day and 200-day simple moving averages at $0.58 and $0.74, respectively.
• Wall Street sentiment is a consensus Hold; six analysts rate the stock as Hold and Sanford C. Bernstein recently downgraded it from strong-buy to hold.

Aston Martin Lagonda Global Holdings plc. (OTCMKTS:ARGGY - Get Free Report) was the recipient of a large increase in short interest in the month of April. As of April 15th, there was short interest totaling 430,025 shares, an increase of 40.4% from the March 31st total of 306,316 shares. Based on an average daily volume of 141,981 shares, the short-interest ratio is presently 3.0 days. Approximately 0.0% of the company's shares are sold short.

Aston Martin Lagonda Global Stock Down 3.8%

Shares of Aston Martin Lagonda Global stock opened at $0.57 on Tuesday. Aston Martin Lagonda Global has a 52-week low of $0.44 and a 52-week high of $1.22. The company has a 50-day simple moving average of $0.58 and a two-hundred day simple moving average of $0.74.

Wall Street Analyst Weigh In

ARGGY has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft reissued a "hold" rating on shares of Aston Martin Lagonda Global in a research report on Monday, February 23rd. HSBC reissued a "hold" rating on shares of Aston Martin Lagonda Global in a research report on Tuesday, January 13th. Finally, Sanford C. Bernstein cut shares of Aston Martin Lagonda Global from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, March 11th. Six analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has a consensus rating of "Hold".

Aston Martin Lagonda Global Company Profile

Aston Martin Lagonda Global plc is the holding company for Aston Martin Lagonda, a British manufacturer specializing in luxury performance automobiles. The company designs, engineers and assembles a portfolio of high-end sports cars, grand tourers and luxury SUVs. Its product range includes long-standing model lines such as the DB series and Vantage, as well as the DBX SUV, and a limited number of flagship hypercars including the Valkyrie and Valhalla. Under its Lagonda marque, the company is also developing all-electric luxury vehicles aimed at the ultra-premium segment.

Manufacturing and R&D are centered at its headquarters in Gaydon, Warwickshire, England, where the company integrates bespoke craftsmanship with advanced technologies.

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