Auto Trader Group plc (OTCMKTS:ATDRY – Get 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 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.
- Get a free copy of the StockNews.com research report on Auto Trader Group (ATDRY)
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