carsales.com Ltd (OTCMKTS:NHMAF) Short Interest Down 40.4% in August

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carsales.com Ltd (OTCMKTS:NHMAF) saw a large drop in short interest in the month of August. As of August 31st, there was short interest totalling 16,100 shares, a drop of 40.4% from the August 15th total of 27,000 shares. Based on an average trading volume of 2,600 shares, the short-interest ratio is currently 6.2 days.

Shares of carsales.com stock traded up $1.58 during trading on Wednesday, hitting $51.15. 691 shares of the company were exchanged, compared to its average volume of 21,177. carsales.com has a fifty-two week low of $21.50 and a fifty-two week high of $53.35. The stock has a 50 day moving average of $49.82.

Separately, Goldman Sachs Group downgraded shares of carsales.com from a “buy” rating to a “neutral” rating in a research report on Monday, July 20th.

carsales.com Company Profile

Nihon M&A Center Inc provides M&A support services for small and medium-sized companies in Japan and internationally. Its support services include reorganization, capital policies, MBO, etc. The company also offers buy-side and sell-side advisory, and intermediary services. Nihon M&A Center Inc was founded in 1991 and is headquartered in Tokyo, Japan.

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