Auto Trader Group plc (OTCMKTS:ATDRY) Short Interest Down 35.0% in April

Auto Trader Group plc (OTCMKTS:ATDRYGet 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 Company Profile (Get Rating)

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.

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