Auto Trader Group (OTCMKTS:ATDRY – Get Free Report) was the recipient of a large decline in short interest during the month of July. As of July 15th, there was short interest totaling 4,940 shares, a decline of 93.6% from the June 30th total of 77,483 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 726,535 shares, the days-to-cover ratio is presently 0.0 days.
Auto Trader Group Stock Up 1.3%
Shares of ATDRY opened at $1.57 on Friday. The firm has a fifty day simple moving average of $1.56 and a two-hundred day simple moving average of $1.63. The company has a current ratio of 1.73, a quick ratio of 1.66 and a debt-to-equity ratio of 0.40. Auto Trader Group has a 1-year low of $1.37 and a 1-year high of $2.80.
Analyst Upgrades and Downgrades
Several analysts recently commented on the stock. The Goldman Sachs Group assumed coverage on shares of Auto Trader Group in a research report on Thursday, June 4th. They set a “buy” rating on the stock. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Auto Trader Group in a research note on Friday, July 17th. Citigroup cut shares of Auto Trader Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 8th. Finally, Barclays downgraded shares of Auto Trader Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 22nd. One investment analyst has rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold”.
About Auto Trader Group
Auto Trader Group plc is a digital automotive marketplace operating primarily in the United Kingdom and Ireland. Through its flagship consumer-facing website and mobile applications, the company connects private buyers and sellers with franchised and independent motor dealers. It facilitates the listing of new and used vehicles, offering rich multimedia adverts that include photos, video walk-arounds, and detailed specifications.
In addition to its core marketplace, Auto Trader provides a suite of value-added services for both consumers and dealer partners.
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