Admiral Group plc (OTCMKTS:AMIGY) Sees Significant Decrease in Short Interest

Admiral Group plc (OTCMKTS:AMIGY) was the target of a significant decrease in short interest during the month of September. As of September 15th, there was short interest totaling 4,500 shares, a decrease of 57.1% from the August 31st total of 10,500 shares. Based on an average trading volume of 15,500 shares, the short-interest ratio is currently 0.3 days. Based on an average trading volume of 15,500 shares, the short-interest ratio is currently 0.3 days.

Admiral Group Stock Down 1.6%

AMIGY stock opened at $44.70 on Friday. The stock’s 50 day simple moving average is $46.87 and its 200 day simple moving average is $44.73. Admiral Group has a fifty-two week low of $30.08 and a fifty-two week high of $52.08.

Admiral Group Cuts Dividend

The company also recently announced a dividend, which will be paid on Monday, October 20th. Stockholders of record on Monday, September 8th will be given a dividend of $0.394 per share. This represents a dividend yield of 628.0%. The ex-dividend date of this dividend is Friday, September 5th. Admiral Group’s dividend payout ratio is presently 64.83%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on AMIGY. The Goldman Sachs Group upgraded Admiral Group from a “sell” rating to a “buy” rating in a report on Wednesday, July 2nd. Jefferies Financial Group raised Admiral Group from a “hold” rating to a “buy” rating in a research note on Monday, September 29th. Finally, Royal Bank Of Canada reissued an “outperform” rating on shares of Admiral Group in a research note on Thursday, August 21st. Four analysts have rated the stock with a Buy rating, According to MarketBeat, Admiral Group currently has an average rating of “Buy”.

About Admiral Group

Admiral Group plc, a financial services company, provides insurance and personal lending products in the United Kingdom, France, Italy, Spain, and the United States. It operates through four segments: UK Insurance, International Insurance, Admiral Money, and Other. The company offers underwriting services, which includes motor, household, pet, travel, and other insurance, as well as car and home insurance; and unsecured personal loans and car finance products.