Auto Trader Group (OTCMKTS:ATDRY) Short Interest Up 294.0% in August

Auto Trader Group (OTCMKTS:ATDRY) was the target of a large increase in short interest in August. As of August 31st, there was short interest totaling 28,479 shares, an increase of 294.0% from the August 15th total of 7,229 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average trading volume of 288,116 shares, the days-to-cover ratio is currently 0.1 days.

Analyst Upgrades and Downgrades

ATDRY has been the subject of several research reports. Jefferies Financial Group raised Auto Trader Group from a “hold” rating to a “buy” rating in a research report on Tuesday, September 8th. The Goldman Sachs Group assumed coverage on Auto Trader Group in a research report on Thursday, June 4th. They set a “buy” rating for the company. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Auto Trader Group in a research report on Friday, July 17th. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold”.

Auto Trader Group Price Performance

Shares of ATDRY opened at $1.60 on Monday. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.73 and a quick ratio of 1.66. The business’s 50 day moving average price is $1.68 and its 200-day moving average price is $1.62. Auto Trader Group has a 52 week low of $1.37 and a 52 week high of $2.69.

Auto Trader Group Company Profile

Auto Trader Group plc operates a digital automotive marketplace serving consumers and automotive retailers in the United Kingdom and Ireland. Its flagship Auto Trader platform enables users to search for, compare and contact sellers about new and used cars, vans and other vehicles.

The company provides automotive retailers with online advertising and inventory management services, including tools to display vehicle listings, manage stock and connect with prospective buyers. Auto Trader also offers vehicle valuation, pricing and market insight products that support purchasing decisions and dealership operations.

Auto Trader traces its origins to the classified vehicle advertising business established in the United Kingdom in the late 1970s.