Short Interest in Admiral Group plc (OTCMKTS:AMIGY) Declines By 52.2%

Admiral Group plc (OTCMKTS:AMIGY) was the recipient of a significant decrease in short interest during the month of August. As of August 14th, there was short interest totaling 3,111 shares, a decrease of 52.2% from the July 30th total of 6,506 shares. Based on an average daily trading volume, of 15,871 shares, the days-to-cover ratio is currently 0.2 days.

Admiral Group Trading Down 1.3%

OTCMKTS:AMIGY traded down $0.72 during midday trading on Friday, reaching $54.49. 5,199 shares of the stock traded hands, compared to its average volume of 50,730. Admiral Group has a 12-month low of $36.05 and a 12-month high of $56.91. The business has a 50-day moving average of $50.23 and a two-hundred day moving average of $46.01.

Analyst Ratings Changes

A number of equities analysts recently issued reports on AMIGY shares. Citigroup restated a “buy” rating on shares of Admiral Group in a report on Friday, August 7th. The Goldman Sachs Group upgraded Admiral Group from a “sell” rating to a “neutral” rating in a research report on Thursday, July 9th. Finally, Royal Bank Of Canada reissued a “sector perform” rating on shares of Admiral Group in a research note on Wednesday, August 12th. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

Admiral Group Company Profile

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.