Admiral Group plc (OTCMKTS:AMIGY) Short Interest Update

Admiral Group plc (OTCMKTS:AMIGY) was the recipient of a significant growth in short interest in the month of September. As of September 30th, there was short interest totaling 14,800 shares, a growth of 228.9% from the September 15th total of 4,500 shares. Based on an average trading volume of 34,900 shares, the short-interest ratio is presently 0.4 days. Based on an average trading volume of 34,900 shares, the short-interest ratio is presently 0.4 days.

Admiral Group Stock Down 1.1%

Shares of OTCMKTS:AMIGY opened at $44.32 on Monday. The business’s 50 day moving average is $46.69 and its 200 day moving average is $45.32. Admiral Group has a 12-month low of $30.08 and a 12-month 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 paid a $0.394 dividend. The ex-dividend date is Friday, September 5th. This represents a dividend yield of 628.0%. Admiral Group’s dividend payout ratio is presently 64.83%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on AMIGY shares. The Goldman Sachs Group raised Admiral Group from a “sell” rating to a “buy” rating in a research report on Wednesday, July 2nd. Jefferies Financial Group upgraded shares of Admiral Group from a “hold” rating to a “buy” rating in a research note on Monday, September 29th. Finally, Royal Bank Of Canada reiterated an “outperform” rating on shares of Admiral Group in a report on Thursday, August 21st. Four analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has a consensus 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.