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

Aston Martin Lagonda Global Holdings plc. (OTCMKTS:ARGGY) was the recipient of a significant growth in short interest in the month of April. As of April 15th, there was short interest totaling 430,025 shares, a growth of 40.4% from the March 31st total of 306,316 shares. Based on an average trading volume of 141,981 shares, the days-to-cover ratio is currently 3.0 days. Currently, 0.0% of the shares of the company are short sold.

Aston Martin Lagonda Global Stock Performance

Shares of OTCMKTS ARGGY opened at $0.57 on Tuesday. The firm has a 50 day moving average of $0.58 and a 200 day moving average of $0.74. Aston Martin Lagonda Global has a 12-month low of $0.44 and a 12-month high of $1.22.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on ARGGY. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Aston Martin Lagonda Global in a research note on Monday, February 23rd. Sanford C. Bernstein lowered shares of Aston Martin Lagonda Global from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 11th. Finally, HSBC reiterated a “hold” rating on shares of Aston Martin Lagonda Global in a research note on Tuesday, January 13th. Six investment analysts have rated the stock with a Hold rating, According to MarketBeat, Aston Martin Lagonda Global has an average 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.