Short Interest in Admiral Group plc (OTCMKTS:AMIGY) Grows By 1,555.3%

Admiral Group plc (OTCMKTS:AMIGY) was the target of a large growth in short interest in December. As of December 15th, there was short interest totaling 47,440 shares, a growth of 1,555.3% from the November 30th total of 2,866 shares. Based on an average daily volume of 159,668 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily volume of 159,668 shares, the days-to-cover ratio is presently 0.3 days.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Jefferies Financial Group upgraded shares of Admiral Group from a “hold” rating to a “buy” rating in a research report on Monday, September 29th. UBS Group lowered Admiral Group to a “neutral” rating in a research note on Wednesday, December 17th. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Admiral Group Price Performance

Shares of OTCMKTS:AMIGY opened at $43.65 on Friday. The company’s fifty day moving average price is $42.87 and its 200-day moving average price is $45.10. Admiral Group has a one year low of $30.45 and a one year high of $52.08.

Admiral Group Company Profile

Admiral Group plc is a UK-based specialist insurer founded in 1993 and headquartered in Cardiff, Wales. Since its inception, the company has focused on developing straightforward insurance products sold directly to customers, pioneering the use of online sales and multi-car policies. Admiral’s low-overhead model and emphasis on technology have helped it establish a significant presence in the personal lines insurance market.

The core offering of Admiral Group centers on motor insurance, with additional products including home insurance, travel cover and breakdown assistance.