Auto Trader Group (OTCMKTS:ATDRY) Stock Short Interest Drops 68.7%

Auto Trader Group (OTCMKTS:ATDRY) saw a large decrease in short interest during the month of September. As of September 15th, there was short interest totaling 8,911 shares, a decrease of 68.7% from the August 31st total of 28,479 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 183,412 shares, the days-to-cover ratio is currently 0.0 days.

Auto Trader Group Stock Performance

Shares of OTCMKTS ATDRY traded down $0.02 during trading on Monday, reaching $1.44. The stock had a trading volume of 149,410 shares, compared to its average volume of 944,100. Auto Trader Group has a one year low of $1.37 and a one year high of $2.69. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.73 and a quick ratio of 1.66. The firm’s 50 day moving average price is $1.67 and its two-hundred day moving average price is $1.62.

Analysts Set New Price Targets

ATDRY has been the topic of several recent analyst reports. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Auto Trader Group in a report on Friday, July 17th. The Goldman Sachs Group started coverage on shares of Auto Trader Group in a research report on Thursday, June 4th. They issued a “buy” rating for the company. Finally, Jefferies Financial Group upgraded shares of Auto Trader Group from a “hold” rating to a “buy” rating in a research note on Tuesday, September 8th. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Auto Trader Group presently has a consensus rating of “Hold”.

Auto Trader Group Company Profile

Auto Trader Group plc operates a digital automotive marketplace serving consumers and automotive retailers in the United Kingdom and Ireland. Its flagship Auto Trader platform enables users to search for, compare and contact sellers about new and used cars, vans and other vehicles.

The company provides automotive retailers with online advertising and inventory management services, including tools to display vehicle listings, manage stock and connect with prospective buyers. Auto Trader also offers vehicle valuation, pricing and market insight products that support purchasing decisions and dealership operations.

Auto Trader traces its origins to the classified vehicle advertising business established in the United Kingdom in the late 1970s.