Admiral Group plc (OTCMKTS:AMIGY) Short Interest Down 38.9% in June

Admiral Group plc (OTCMKTS:AMIGY) was the recipient of a large decline in short interest during the month of June. As of June 30th, there was short interest totaling 13,867 shares, a decline of 38.9% from the June 15th total of 22,689 shares. Based on an average daily volume of 79,555 shares, the days-to-cover ratio is currently 0.2 days.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on AMIGY shares. The Goldman Sachs Group raised Admiral Group from a “sell” rating to a “neutral” rating in a report on Thursday, July 9th. Royal Bank Of Canada downgraded shares of Admiral Group from a “sector perform” rating to a “sector perform” rating in a report on Friday, June 19th. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

Admiral Group Trading Up 1.8%

Shares of OTCMKTS:AMIGY opened at $48.65 on Thursday. Admiral Group has a 52-week low of $36.05 and a 52-week high of $52.08. The company has a 50-day simple moving average of $46.36 and a 200 day simple moving average of $43.54.

About Admiral Group

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.