Auto Trader Group (OTCMKTS:ATDRY) Short Interest Up 113.3% in September

Auto Trader Group (OTCMKTS:ATDRY) was the recipient of a large growth in short interest in the month of September. As of September 15th, there was short interest totaling 107,700 shares, a growth of 113.3% from the August 31st total of 50,500 shares. Based on an average trading volume of 480,100 shares, the short-interest ratio is currently 0.2 days. Based on an average trading volume of 480,100 shares, the short-interest ratio is currently 0.2 days.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Citigroup reiterated a “buy” rating on shares of Auto Trader Group in a report on Tuesday, June 10th. Morgan Stanley reiterated an “underweight” rating on shares of Auto Trader Group in a report on Wednesday, September 10th. One analyst has rated the stock with a Buy rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Auto Trader Group currently has an average rating of “Reduce”.

Auto Trader Group Trading Up 0.4%

Shares of ATDRY opened at $2.58 on Friday. The company’s fifty day moving average is $2.66 and its two-hundred day moving average is $2.68. Auto Trader Group has a fifty-two week low of $2.20 and a fifty-two week high of $3.10.

Auto Trader Group Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, October 10th. Investors of record on Monday, September 1st will be issued a $0.0192 dividend. The ex-dividend date is Friday, August 29th. This represents a yield of 105.0%. This is an increase from Auto Trader Group’s previous dividend of $0.01.

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.