Admiral Group plc (OTCMKTS:AMIGY – Get Free Report) saw a significant increase in short interest in August. As of August 31st, there was short interest totaling 6,162 shares, an increase of 98.1% from the August 15th total of 3,111 shares. Based on an average daily volume of 15,821 shares, the days-to-cover ratio is presently 0.4 days.
Admiral Group Price Performance
Shares of AMIGY stock opened at $52.68 on Wednesday. Admiral Group has a 12-month low of $36.05 and a 12-month high of $56.91. The firm has a fifty day moving average of $51.42 and a 200-day moving average of $47.24.
Wall Street Analyst Weigh In
A number of research firms recently commented on AMIGY. Citigroup restated a “buy” rating on shares of Admiral Group in a research report on Friday, August 7th. Morgan Stanley raised Admiral Group from an “underweight” rating to an “overweight” rating in a research note on Monday, September 7th. Royal Bank Of Canada restated a “sector perform” rating on shares of Admiral Group in a report on Wednesday, August 12th. Finally, The Goldman Sachs Group raised Admiral Group from a “sell” rating to a “neutral” rating in a research report on Thursday, July 9th. Five analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Admiral Group presently has a consensus rating of “Moderate Buy”.
Admiral Group Company Profile
Admiral Group plc is a UK-based specialist insurer founded in 1993 and headquartered in Cardiff, Wales. Since its inception, the company has focused on developing straightforward insurance products sold directly to customers, pioneering the use of online sales and multi-car policies. Admiral’s low-overhead model and emphasis on technology have helped it establish a significant presence in the personal lines insurance market.
The core offering of Admiral Group centers on motor insurance, with additional products including home insurance, travel cover and breakdown assistance.
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