Auto Trader Group (OTCMKTS:ATDRY) Short Interest Update

Key Points

• Auto Trader Group experienced a significant 73.6% decline in short interest in August, dropping from 104,900 shares to 27,700 shares.
• The company declared a new dividend of $0.0192 per share, representing a substantial dividend yield of 105.0%, to be paid on October 10th.
• Analysts have mixed ratings on Auto Trader Group, with Citigroup maintaining a "buy" rating but an average rating of "hold" across the market.

Auto Trader Group (OTCMKTS:ATDRY - Get Free Report) was the recipient of a significant decline in short interest in August. As of August 15th, there was short interest totaling 27,700 shares, adeclineof73.6% from the July 31st total of 104,900 shares. Based on an average daily trading volume, of 540,800 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily trading volume, of 540,800 shares, the days-to-cover ratio is currently 0.1 days.

Wall Street Analysts Forecast Growth

Separately, Citigroup reiterated a "buy" rating on shares of Auto Trader Group in a research note on Tuesday, June 10th. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold".

Auto Trader Group Trading Up 1.1%

Shares of ATDRY traded up $0.03 during mid-day trading on Friday, reaching $2.66. The company had a trading volume of 143,097 shares, compared to its average volume of 299,808. The company's 50 day simple moving average is $2.72 and its 200 day simple moving average is $2.66. Auto Trader Group has a 1-year low of $2.20 and a 1-year high of $3.10.

Auto Trader Group Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, October 10th. Stockholders of record on Monday, September 1st will be paid a $0.0192 dividend. This represents a dividend yield of 105.0%. The ex-dividend date is Friday, August 29th. This is an increase from Auto Trader Group's previous dividend of $0.01.

Auto Trader Group Company Profile

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.