Auto Trader Group plc (OTCMKTS:ATDRY) Short Interest Update

Auto Trader Group plc (OTCMKTS:ATDRY – Get Rating) was the recipient of a significant drop in short interest in the month of May. As of May 15th, there was short interest totalling 3,300 shares, a drop of 74.6% from the April 30th total of 13,000 shares. Based on an average daily volume of 153,500 shares, the short-interest ratio is presently 0.0 days.

Auto Trader Group Price Performance

Shares of Auto Trader Group stock traded up $0.04 during midday trading on Friday, reaching $1.90. The company had a trading volume of 35,562 shares, compared to its average volume of 128,102. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.58 and a current ratio of 1.61. The stock has a fifty day simple moving average of $1.88 and a 200 day simple moving average of $1.75. Auto Trader Group has a 1-year low of $1.30 and a 1-year high of $2.00.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on ATDRY shares. Barclays upgraded shares of Auto Trader Group from an “equal weight” rating to an “overweight” rating in a research note on Monday, January 30th. UBS Group cut shares of Auto Trader Group from a “buy” rating to a “neutral” rating in a research note on Wednesday, February 1st. Finally, JPMorgan Chase & Co. upgraded shares of Auto Trader Group from an “underweight” rating to a “neutral” rating in a research note on Tuesday, April 4th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $592.29.

Auto Trader Group Company Profile

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Auto Trader Group Plc engages in the digital automotive business. It offers online procurement site for automotive. The firm sells cars, bikes, vans, motor homes, caravans, and trucks. It also offers automotive insurance products. It operates through the following segments: Trade, Consumer Services, and Manufacturer and Agency.