Short-term stake in Auto Trader Group plc (OTCMKTS:ATDRY) decreases by 78.1%

Auto Trader Group plc (OTCMKTS:ATDRY – Get Rating) was the target of a significant drop in short-term interest in May. As of May 31, there was short interest totaling 38,200 shares, down 78.1% from the May 15 total of 174,200 shares. Based on an average daily trading volume of 1,301,300 shares, the day-to-cover ratio is currently 0.0 day.

ATDRY has been the subject of several analyst reports. Credit Suisse Group lowered its price target on Auto Trader Group shares from GBX 514 ($6.44) to GBX 498 ($6.24) in a Friday, May 27 research note. Barclays cut its price target on shares of Auto Trader Group from GBX 720 ($9.02) to GBX 660 ($8.27) in a Friday May 27 research note. JPMorgan Chase & Co. downgraded shares of Auto Trader Group from an “underweight” to a “neutral” rating in a Friday, May 27 research note. Finally, Deutsche Bank Aktiengesellschaft cut its price target on Auto Trader Group from 800 GBX ($10.03) to 720 GBX ($9.02) in a Thursday, May 19 report. One analyst rated the stock with a sell rating, seven issued a hold rating and three assigned the stock a buy rating. According to MarketBeat.com, Auto Trader Group currently has a consensus rating of “Hold” and an average target price of $598.50.

Shares of Auto Trader Group opened at $1.67 on Friday. The company has a fifty-day simple moving average of $1.89 and a two-hundred-day simple moving average of $2.15. Auto Trader Group has a 1 year minimum of $1.64 and a 1 year maximum of $2.57.

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About Auto Trader Group (Get an assessment)

Auto Trader Group plc operates in the digital automotive market in the UK and Ireland. It offers its products to retailers, door-to-door merchants and logistics companies; advertising vehicles on its websites for private sellers, as well as insurance and consumer loan finance products; and display advertising on its websites for manufacturers and their advertising agencies.

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