Auto Trader Group (OTCMKTS:ATDRY) Short Interest Update

Key Points

• Auto Trader Group experienced a significant increase in short interest of 82.3% in August, climbing from 27,700 shares to a total of 50,500 shares.
• The company announced a quarterly dividend of $0.0192 per share, set to be paid on October 10th, which is a notable increase from the previous dividend of $0.01.
• Analysts have mixed views on Auto Trader Group's stock, with ratings ranging from "buy" from Citigroup to "underweight" from Morgan Stanley, leading to a consensus rating of "Reduce."

Auto Trader Group (OTCMKTS:ATDRY - Get Free Report) was the recipient of a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 50,500 shares, an increase of 82.3% from the August 15th total of 27,700 shares. Based on an average daily trading volume, of 738,800 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the shares of the stock are short sold. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 738,800 shares, the short-interest ratio is currently 0.1 days.

Auto Trader Group Stock Performance

Shares of ATDRY stock opened at $2.61 on Friday. The company's 50-day simple moving average is $2.71 and its two-hundred day simple moving average is $2.67. Auto Trader Group has a one year low of $2.20 and a one year high of $3.10.

Auto Trader Group Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on ATDRY shares. Morgan Stanley restated an "underweight" rating on shares of Auto Trader Group in a report on Wednesday. Citigroup reiterated a "buy" rating on shares of Auto Trader Group in a report on Tuesday, June 10th. One research analyst has rated the stock with a Buy rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Reduce".

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.

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