Transurban Group (OTCMKTS:TRAUF) Short Interest Down 40.8% in August

Transurban Group (OTCMKTS:TRAUF) was the target of a significant drop in short interest in August. As of August 14th, there was short interest totaling 1,849,382 shares, a drop of 40.8% from the July 30th total of 3,125,815 shares. Based on an average daily volume of 3,942 shares, the short-interest ratio is currently 469.1 days.

Transurban Group Stock Performance

TRAUF opened at $10.84 on Wednesday. The stock has a 50-day moving average price of $10.25 and a 200-day moving average price of $10.19. Transurban Group has a 12-month low of $8.67 and a 12-month high of $11.30.

About Transurban Group

Transurban Group is an Australian-based toll road developer and operator specializing in the financing, development, management and maintenance of urban tolling infrastructure. Headquartered in Melbourne, the company leverages public–private partnership models to design and deliver highway networks that aim to improve traffic flow, reduce congestion and enhance safety across metropolitan regions.

Since its establishment in the mid-1990s and subsequent listing on the Australian Securities Exchange, Transurban has grown from its original CityLink project in Melbourne to a diversified portfolio of assets.