Auto Trader Group (OTCMKTS:ATDRY) Short Interest Update

Key Points

• Auto Trader Group experienced a significant increase in short interest of 113.3%, rising to 107,700 shares as of September 15th.
• The company has announced a dividend increase to $0.0192 per share, with a substantial yield of 105.0%, payable on October 10th.
• Analysts have mixed ratings on Auto Trader Group, with one "Buy" rating and two "Sell" ratings, resulting in an average rating of "Reduce."

Auto Trader Group (OTCMKTS:ATDRY - Get Free Report) was the recipient of a large growth in short interest in September. As of September 15th, there was short interest totaling 107,700 shares, a growth of 113.3% from the August 31st total of 50,500 shares. Based on an average daily volume of 480,100 shares, the short-interest ratio is currently 0.2 days. Based on an average daily volume of 480,100 shares, the short-interest ratio is currently 0.2 days.

Wall Street Analysts Forecast Growth

ATDRY has been the subject of a number of research analyst reports. Citigroup reissued a "buy" rating on shares of Auto Trader Group in a research note on Tuesday, June 10th. Morgan Stanley restated an "underweight" rating on shares of Auto Trader Group in a research report on Wednesday, September 10th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of "Reduce".

Auto Trader Group Stock Performance

Shares of ATDRY stock opened at $2.58 on Friday. Auto Trader Group has a 52 week low of $2.20 and a 52 week high of $3.10. The company's 50 day moving average price is $2.66 and its two-hundred day moving average price is $2.68.

Auto Trader Group Increases Dividend

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

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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