Auto Trader Group (OTCMKTS:ATDRY) Short Interest Update

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) saw a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 104,900 shares, anincreaseof499.4% from the July 15th total of 17,500 shares. Based on an average trading volume of 575,600 shares, the short-interest ratio is currently 0.2 days. Currently,0.0% of the shares of the stock are short sold. Currently,0.0% of the shares of the stock are short sold. Based on an average trading volume of 575,600 shares, the short-interest ratio is currently 0.2 days.

Auto Trader Group Price Performance

Shares of ATDRY remained flat at $2.72 during trading hours on Tuesday. 19,632 shares of the stock traded hands, compared to its average volume of 250,826. Auto Trader Group has a 52 week low of $2.20 and a 52 week high of $3.10. The business's fifty day simple moving average is $2.74 and its 200-day simple moving average is $2.64.

Wall Street Analyst Weigh In

Separately, Citigroup reissued a "buy" rating on shares of Auto Trader Group in a research note 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.