Admiral Group plc (OTCMKTS:AMIGY) Sees Significant Decrease in Short Interest

Admiral Group plc (OTCMKTS:AMIGY) saw a significant decrease in short interest in the month of September. As of September 15th, there was short interest totaling 4,500 shares, a decrease of 57.1% from the August 31st total of 10,500 shares. Based on an average daily volume of 15,500 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily volume of 15,500 shares, the days-to-cover ratio is currently 0.3 days.

Admiral Group Price Performance

OTCMKTS AMIGY opened at $44.70 on Friday. The business has a fifty day simple moving average of $46.87 and a 200 day simple moving average of $44.73. Admiral Group has a 12 month low of $30.08 and a 12 month high of $52.08.

Admiral Group Cuts Dividend

The business also recently declared a dividend, which will be paid on Monday, October 20th. Investors of record on Monday, September 8th will be given a $0.394 dividend. This represents a yield of 628.0%. The ex-dividend date of this dividend is Friday, September 5th. Admiral Group’s dividend payout ratio is presently 64.83%.

Wall Street Analyst Weigh In

AMIGY has been the topic of a number of research reports. Jefferies Financial Group raised Admiral Group from a “hold” rating to a “buy” rating in a research report on Monday, September 29th. The Goldman Sachs Group raised Admiral Group from a “sell” rating to a “buy” rating in a research report on Wednesday, July 2nd. Finally, Royal Bank Of Canada reissued an “outperform” rating on shares of Admiral Group in a research report on Thursday, August 21st. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy”.

Admiral Group Company Profile

Admiral Group plc, a financial services company, provides insurance and personal lending products in the United Kingdom, France, Italy, Spain, and the United States. It operates through four segments: UK Insurance, International Insurance, Admiral Money, and Other. The company offers underwriting services, which includes motor, household, pet, travel, and other insurance, as well as car and home insurance; and unsecured personal loans and car finance products.