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

Auto Trader Group (OTCMKTS:ATDRYGet Free Report) was the target of a significant growth in short interest during the month of May. As of May 15th, there was short interest totaling 1,818,150 shares, a growth of 81.3% from the April 30th total of 1,002,760 shares. Based on an average trading volume of 1,370,280 shares, the short-interest ratio is currently 1.3 days. Currently, 0.1% of the company’s shares are sold short.

Auto Trader Group Price Performance

Auto Trader Group stock opened at $1.47 on Tuesday. Auto Trader Group has a 52-week low of $1.37 and a 52-week high of $2.83. The stock’s 50 day moving average price is $1.60 and its two-hundred day moving average price is $1.76. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.72 and a current ratio of 1.77.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on ATDRY. Citigroup cut Auto Trader Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 8th. Barclays cut Auto Trader Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 22nd. Three research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Auto Trader Group presently has a consensus rating of “Reduce”.

Check Out Our Latest Report on ATDRY

Auto Trader Group Company Profile

(Get Free Report)

Auto Trader Group plc is a digital automotive marketplace operating primarily in the United Kingdom and Ireland. Through its flagship consumer-facing website and mobile applications, the company connects private buyers and sellers with franchised and independent motor dealers. It facilitates the listing of new and used vehicles, offering rich multimedia adverts that include photos, video walk-arounds, and detailed specifications.

In addition to its core marketplace, Auto Trader provides a suite of value-added services for both consumers and dealer partners.

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