Admiral Group plc (OTCMKTS:AMIGY) Short Interest Down 58.4% in April

Admiral Group plc (OTCMKTS:AMIGY) was the recipient of a significant decline in short interest in April. As of April 30th, there was short interest totaling 9,958 shares, a decline of 58.4% from the April 15th total of 23,932 shares. Based on an average trading volume of 50,413 shares, the days-to-cover ratio is currently 0.2 days.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on AMIGY shares. UBS Group raised Admiral Group from a “neutral” rating to a “buy” rating in a research report on Tuesday, March 10th. The Goldman Sachs Group lowered Admiral Group to a “sell” rating in a research report on Wednesday, January 21st. Finally, Royal Bank Of Canada raised Admiral Group from a “sector perform” rating to an “outperform” rating in a research report on Friday, March 13th. Four research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Admiral Group Stock Up 3.7%

Shares of Admiral Group stock opened at $44.94 on Friday. Admiral Group has a 1 year low of $36.05 and a 1 year high of $52.08. The stock has a fifty day moving average price of $44.35 and a 200-day moving average price of $42.30.

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.