Auto Trader Group plc (OTCMKTS:ATDRY) Sees Significant Growth in Short Interest

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

Wall Street Analyst Weigh In

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

Auto Trader Group Trading Down 1.2 %

Shares of OTCMKTS:ATDRY opened at $2.39 on Friday. Auto Trader Group has a 1 year low of $2.04 and a 1 year high of $3.00. The business has a fifty day simple moving average of $2.42 and a 200 day simple moving average of $2.58.

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.