Admiral Group plc (OTCMKTS:AMIGY) Sees Significant Increase in Short Interest

Admiral Group plc (OTCMKTS:AMIGYGet Rating) was the target of a significant increase in short interest in the month of May. As of May 15th, there was short interest totalling 27,500 shares, an increase of 336.5% from the April 30th total of 6,300 shares. Based on an average daily volume of 31,800 shares, the short-interest ratio is currently 0.9 days.

Admiral Group stock opened at $28.26 on Thursday. Admiral Group has a 52 week low of $26.94 and a 52 week high of $51.84. The business’s fifty day moving average is $31.85 and its two-hundred day moving average is $37.24.

The company also recently declared a dividend, which will be paid on Tuesday, June 21st. Stockholders of record on Friday, May 6th will be paid a dividend of $0.5017 per share. This represents a dividend yield of 11.23%. The ex-dividend date of this dividend is Thursday, May 5th.

A number of research firms have recently issued reports on AMIGY. Barclays upgraded Admiral Group from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, March 29th. Deutsche Bank Aktiengesellschaft lowered their price target on Admiral Group from GBX 2,950 ($37.12) to GBX 2,630 ($33.09) in a research report on Wednesday, March 16th. Morgan Stanley lowered their price target on Admiral Group from GBX 2,900 ($36.49) to GBX 2,600 ($32.72) in a research report on Tuesday, April 5th. Finally, HSBC upgraded Admiral Group from a “hold” rating to a “buy” rating in a research report on Wednesday, February 9th. Four investment analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $1,758.37.

Admiral Group Company Profile (Get Rating)

Admiral Group plc provides car insurance products in the United Kingdom, Spain, Italy, France, India, and the United States. The company operates through UK Insurance, International Insurance, Admiral Loans, and Other segments. It underwrites car, van, household, and travel insurance, as well as offers unsecured personal and car loans, and legal services.

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