Admiral Group plc (OTCMKTS:AMIGY) Short Interest Up 228.9% in September

Admiral Group plc (OTCMKTS:AMIGY) was the target of a large growth in short interest during the month of September. As of September 30th, there was short interest totaling 14,800 shares, a growth of 228.9% from the September 15th total of 4,500 shares. Based on an average daily trading volume, of 34,900 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily trading volume, of 34,900 shares, the days-to-cover ratio is presently 0.4 days.

Admiral Group Trading Down 1.1%

Shares of AMIGY opened at $44.32 on Friday. The stock has a fifty day moving average price of $46.69 and a two-hundred day moving average price of $45.22. Admiral Group has a 52-week low of $30.08 and a 52-week high of $52.08.

Admiral Group Cuts Dividend

The firm also recently announced a dividend, which will be paid on Monday, October 20th. Stockholders of record on Monday, September 8th will be paid a $0.394 dividend. This represents a dividend yield of 628.0%. The ex-dividend date of this dividend is Friday, September 5th. Admiral Group’s dividend payout ratio (DPR) is 64.83%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on AMIGY shares. The Goldman Sachs Group upgraded shares of Admiral Group from a “sell” rating to a “buy” rating in a report on Wednesday, July 2nd. Jefferies Financial Group upgraded Admiral Group from a “hold” rating to a “buy” rating in a report on Monday, September 29th. Finally, Royal Bank Of Canada restated an “outperform” rating on shares of Admiral Group in a research note on Thursday, August 21st. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, Admiral Group has an average rating of “Buy”.

About Admiral Group

Admiral Group plc, a financial services company, provides insurance and personal lending products in the United Kingdom, France, Italy, Spain, and the United States. It operates through four segments: UK Insurance, International Insurance, Admiral Money, and Other. The company offers underwriting services, which includes motor, household, pet, travel, and other insurance, as well as car and home insurance; and unsecured personal loans and car finance products.