Auto Trader Group plc (OTCMKTS:ATDRY – Get Rating) saw a large decrease in short interest in April. As of April 30th, there was short interest totalling 273,300 shares, a decrease of 35.0% from the April 15th total of 420,400 shares. Based on an average daily volume of 754,000 shares, the short-interest ratio is presently 0.4 days.
A number of brokerages have recently issued reports on ATDRY. Zacks Investment Research cut Auto Trader Group from a “buy” rating to a “hold” rating in a research note on Tuesday, April 5th. Jefferies Financial Group upgraded Auto Trader Group from a “hold” rating to a “buy” rating in a research note on Wednesday, February 2nd. Credit Suisse Group dropped their price target on Auto Trader Group from GBX 532 ($6.56) to GBX 514 ($6.34) in a research note on Monday, April 4th. JPMorgan Chase & Co. dropped their price target on Auto Trader Group from GBX 601 ($7.41) to GBX 586 ($7.22) in a research note on Tuesday, May 3rd. Finally, The Goldman Sachs Group assumed coverage on Auto Trader Group in a research note on Thursday, January 20th. They issued a “neutral” rating on the stock. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $367.42.
Shares of OTCMKTS ATDRY opened at $1.70 on Friday. The stock’s fifty day moving average price is $2.04 and its two-hundred day moving average price is $2.22. Auto Trader Group has a one year low of $1.64 and a one year high of $2.57.
Auto Trader Group plc operates in the digital automotive marketplace in the United Kingdom and Ireland. It offers its products to retailers, home traders, and logistics firms; 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.
- Get a free copy of the StockNews.com research report on Auto Trader Group (ATDRY)
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