Auto Trader Group (OTCMKTS:ATDRY) Short Interest Down 93.9% in May

Auto Trader Group (OTCMKTS:ATDRY – Get Free Report) was the recipient of a large decline in short interest in May. As of May 29th, there was short interest totaling 111,511 shares, a decline of 93.9% from the May 14th total of 1,818,150 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average trading volume of 3,025,615 shares, the short-interest ratio is currently 0.0 days.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Barclays lowered Auto Trader Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 22nd. The Goldman Sachs Group assumed coverage on Auto Trader Group in a research report on Thursday, June 4th. They set a “buy” rating on the stock. Finally, Citigroup lowered Auto Trader Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 8th. One analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold”.

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Auto Trader Group Price Performance

Shares of ATDRY traded up $0.01 during trading on Tuesday, reaching $1.52. The company’s stock had a trading volume of 1,767,399 shares, compared to its average volume of 1,279,422. The company has a fifty day moving average of $1.59 and a two-hundred day moving average of $1.73. Auto Trader Group has a twelve month low of $1.37 and a twelve month high of $2.83. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.72 and a current ratio of 1.77.

Auto Trader Group Company Profile

(Get Free Report)

Auto Trader Group plc is a digital automotive marketplace operating primarily in the United Kingdom and Ireland. Through its flagship consumer-facing website and mobile applications, the company connects private buyers and sellers with franchised and independent motor dealers. It facilitates the listing of new and used vehicles, offering rich multimedia adverts that include photos, video walk-arounds, and detailed specifications.

In addition to its core marketplace, Auto Trader provides a suite of value-added services for both consumers and dealer partners.

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