Auto Trader Group plc (OTCMKTS:ATDRY) Sees Significant Drop in Short Interest

Auto Trader Group plc (OTCMKTS:ATDRY) was the target of a significant drop in short interest in October. As of October 15th, there was short interest totalling 28,400 shares, a drop of 71.1% from the September 30th total of 98,300 shares. Based on an average daily volume of 187,300 shares, the short-interest ratio is presently 0.2 days.

Auto Trader Group Stock Performance

ATDRY remained flat at $2.83 during midday trading on Friday. 53,770 shares of the company’s stock traded hands, compared to its average volume of 206,180. The company has a quick ratio of 1.62, a current ratio of 1.66 and a debt-to-equity ratio of 0.05. Auto Trader Group has a fifty-two week low of $1.77 and a fifty-two week high of $3.00. The stock’s 50-day moving average price is $2.84 and its 200 day moving average price is $2.58.

Auto Trader Group Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, October 11th. Shareholders of record on Friday, August 30th were issued a dividend of $0.0165 per share. This is an increase from Auto Trader Group’s previous dividend of $0.01. The ex-dividend date of this dividend was Friday, August 30th.

About Auto Trader Group

Auto Trader Group plc operates in the digital automotive marketplace in the United Kingdom and Ireland. The company provides 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.