Auto Trader Group (OTCMKTS:ATDRY) Short Interest Update

Auto Trader Group (OTCMKTS:ATDRY) was the target of a significant decline in short interest in October. As of October 15th, there was short interest totaling 700 shares, a decline of 99.1% from the September 30th total of 75,600 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 786,900 shares, the days-to-cover ratio is presently 0.0 days. Based on an average daily trading volume, of 786,900 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company’s shares are short sold.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley reiterated an “underweight” rating on shares of Auto Trader Group in a report on Wednesday, September 10th. One equities research analyst has rated the stock with a Buy rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Reduce”.

Auto Trader Group Stock Down 0.8%

Shares of ATDRY stock opened at $2.63 on Tuesday. The firm’s 50 day moving average price is $2.61 and its two-hundred day moving average price is $2.71. Auto Trader Group has a fifty-two week low of $2.20 and a fifty-two week high of $3.10.

Auto Trader Group Increases Dividend

The company also recently announced a dividend, which was paid on Friday, October 10th. Stockholders of record on Monday, September 1st were given a dividend of $0.0192 per share. The ex-dividend date of this dividend was Friday, August 29th. This is an increase from Auto Trader Group’s previous dividend of $0.01. This represents a dividend yield of 105.0%.

About Auto Trader Group

Auto Trader Group plc operates in the digital automotive marketplace in the United Kingdom and Ireland. The company provides 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.