Short Interest in Auto Trader Group (OTCMKTS:ATDRY) Increases By 113.3%

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

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on ATDRY shares. Citigroup reiterated a “buy” rating on shares of Auto Trader Group in a research note on Tuesday, June 10th. Morgan Stanley restated 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 company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce”.

Auto Trader Group Trading Up 0.4%

Shares of OTCMKTS:ATDRY opened at $2.58 on Friday. Auto Trader Group has a 52-week low of $2.20 and a 52-week high of $3.10. The company has a 50-day simple moving average of $2.66 and a 200 day simple moving average of $2.68.

Auto Trader Group Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, October 10th. Investors of record on Monday, September 1st will be issued a dividend of $0.0192 per share. This represents a dividend yield of 105.0%. The ex-dividend date of this dividend is Friday, August 29th. This is a boost 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.