Admiral Group plc (OTCMKTS:AMIGY) Short Interest Up 1,555.3% in December

Admiral Group plc (OTCMKTS:AMIGY) was the recipient of a large increase in short interest in the month of December. As of December 15th, there was short interest totaling 47,440 shares, an increase of 1,555.3% from the November 30th total of 2,866 shares. Based on an average daily volume of 159,668 shares, the short-interest ratio is currently 0.3 days. Based on an average daily volume of 159,668 shares, the short-interest ratio is currently 0.3 days.

Admiral Group Trading Up 0.8%

Shares of AMIGY traded up $0.36 during mid-day trading on Wednesday, reaching $43.65. The company had a trading volume of 20,446 shares, compared to its average volume of 14,321. Admiral Group has a twelve month low of $30.45 and a twelve month high of $52.08. The company’s 50-day moving average is $42.89 and its 200-day moving average is $45.11.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. UBS Group lowered shares of Admiral Group to a “neutral” rating in a research report on Wednesday, December 17th. Jefferies Financial Group upgraded Admiral Group from a “hold” rating to a “buy” rating in a research note on Monday, September 29th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy”.

About Admiral Group

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.