Auto Trader Group (OTCMKTS:ATDRY) Short Interest Down 93.9% in May

Auto Trader Group (OTCMKTS:ATDRY) was the target of a large decline in short interest in the month of May. As of May 29th, there was short interest totaling 111,511 shares, a decline of 93.9% from the May 14th total of 1,818,150 shares. Based on an average daily volume of 3,025,615 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company’s shares are sold short.

Auto Trader Group Price Performance

Auto Trader Group stock traded up $0.01 during midday trading on Tuesday, hitting $1.52. 1,767,399 shares of the company were exchanged, compared to its average volume of 1,279,422. The company’s fifty day moving average price is $1.59 and its 200-day moving average price is $1.73. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.72 and a current ratio of 1.77. Auto Trader Group has a fifty-two week low of $1.37 and a fifty-two week high of $2.83.

Analyst Upgrades and Downgrades

ATDRY has been the subject of a number of research reports. Barclays cut Auto Trader Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 22nd. The Goldman Sachs Group initiated coverage on Auto Trader Group in a report on Thursday, June 4th. They set a “buy” rating for the company. Finally, Citigroup cut Auto Trader Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 8th. One analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Auto Trader Group Company Profile

Auto Trader Group plc is a digital automotive marketplace operating primarily in the United Kingdom and Ireland. Through its flagship consumer-facing website and mobile applications, the company connects private buyers and sellers with franchised and independent motor dealers. It facilitates the listing of new and used vehicles, offering rich multimedia adverts that include photos, video walk-arounds, and detailed specifications.

In addition to its core marketplace, Auto Trader provides a suite of value-added services for both consumers and dealer partners.