Admiral Group plc (OTCMKTS:AMIGY) Short Interest Down 62.1% in July

Admiral Group plc (OTCMKTS:AMIGY) was the recipient of a large decrease in short interest in the month of July. As of July 15th, there was short interest totaling 5,254 shares, a decrease of 62.1% from the June 30th total of 13,867 shares. Based on an average daily volume of 35,429 shares, the days-to-cover ratio is currently 0.1 days.

Admiral Group Price Performance

AMIGY stock opened at $47.80 on Monday. The stock has a 50-day simple moving average of $46.91 and a two-hundred day simple moving average of $43.78. Admiral Group has a twelve month low of $36.05 and a twelve month high of $52.08.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on AMIGY. Royal Bank Of Canada cut Admiral Group from a “sector perform” rating to a “sector perform” rating in a research note on Friday, June 19th. The Goldman Sachs Group raised shares of Admiral Group from a “sell” rating to a “neutral” rating in a research report on Thursday, July 9th. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

Admiral Group Company Profile

Admiral Group plc is a UK-based specialist insurer founded in 1993 and headquartered in Cardiff, Wales. Since its inception, the company has focused on developing straightforward insurance products sold directly to customers, pioneering the use of online sales and multi-car policies. Admiral’s low-overhead model and emphasis on technology have helped it establish a significant presence in the personal lines insurance market.

The core offering of Admiral Group centers on motor insurance, with additional products including home insurance, travel cover and breakdown assistance.