Auto Trader Group (OTCMKTS:ATDRY) Sees Large Increase in Short Interest

Key Points

• The short interest in Auto Trader Group increased by 499.4% in July, rising from 17,500 shares to a total of 104,900 shares.
• As of now, 0.0% of the company's stock is sold short, and the days-to-cover ratio stands at 0.2 days based on average trading volume.
• Citigroup has reiterated a "buy" rating on Auto Trader Group's shares as recently as June 10th.

Auto Trader Group (OTCMKTS:ATDRY - Get Free Report) was the target of a significant growth in short interest in July. As of July 31st, there was short interest totaling 104,900 shares, agrowthof499.4% from the July 15th total of 17,500 shares. Based on an average daily trading volume, of 575,600 shares, the days-to-cover ratio is presently 0.2 days. Currently,0.0% of the company's stock are sold short. Currently,0.0% of the company's stock are sold short. Based on an average daily trading volume, of 575,600 shares, the days-to-cover ratio is presently 0.2 days.

Auto Trader Group Stock Performance

Shares of Auto Trader Group stock opened at $2.71 on Friday. The stock has a fifty day simple moving average of $2.73 and a 200 day simple moving average of $2.63. Auto Trader Group has a 12-month low of $2.20 and a 12-month high of $3.10.

Analyst Upgrades and Downgrades

Separately, Citigroup reiterated a "buy" rating on shares of Auto Trader Group in a report on Tuesday, June 10th.

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.

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