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

Auto Trader Group plc (OTCMKTS:ATDRY) was the target of a large growth in short interest in March. As of March 15th, there was short interest totalling 56,500 shares, a growth of 395.6% from the February 28th total of 11,400 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 379,800 shares, the short-interest ratio is currently 0.1 days.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group raised Auto Trader Group to a “strong sell” rating in a research note on Tuesday.

Auto Trader Group Stock Performance

Shares of ATDRY opened at $2.41 on Friday. The business has a fifty day moving average of $2.42 and a 200 day moving average of $2.57. Auto Trader Group has a 52-week low of $2.04 and a 52-week high of $3.00.

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.