Short Interest in Auto Trader Group plc (OTCMKTS:ATDRY) Drops By 36.3%

Auto Trader Group plc (OTCMKTS:ATDRYGet Rating) was the recipient of a significant decrease in short interest during the month of May. As of May 15th, there was short interest totalling 174,200 shares, a decrease of 36.3% from the April 30th total of 273,300 shares. Based on an average daily trading volume, of 1,388,400 shares, the days-to-cover ratio is presently 0.1 days.

Shares of ATDRY opened at $1.78 on Friday. Auto Trader Group has a fifty-two week low of $1.64 and a fifty-two week high of $2.57. The firm has a 50-day simple moving average of $1.96 and a 200-day simple moving average of $2.19.

ATDRY has been the topic of several recent analyst reports. JPMorgan Chase & Co. raised Auto Trader Group from an “underweight” rating to a “neutral” rating in a report on Friday. Deutsche Bank Aktiengesellschaft dropped their price objective on Auto Trader Group from GBX 800 ($10.07) to GBX 720 ($9.06) in a report on Thursday, May 19th. Barclays dropped their price objective on Auto Trader Group from GBX 720 ($9.06) to GBX 660 ($8.31) in a report on Friday. Jefferies Financial Group raised Auto Trader Group from a “hold” rating to a “buy” rating in a report on Wednesday, February 2nd. Finally, Zacks Investment Research lowered Auto Trader Group from a “buy” rating to a “hold” rating in a report on Tuesday, April 5th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $479.25.

Auto Trader Group Company Profile (Get Rating)

Auto Trader Group plc operates in the digital automotive marketplace in the United Kingdom and Ireland. It offers its products to retailers, home traders, and logistics firms; vehicle advertisement on its websites for private sellers, as well as insurance and loan financing products to consumers; and display advertising on its websites for manufacturers and their advertising agencies.

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