Auto Trader Group (OTCMKTS:ATDRY – Get Free Report) saw a large drop in short interest in July. As of July 15th, there was short interest totaling 4,940 shares, a drop of 93.6% from the June 30th total of 77,483 shares. Based on an average daily volume of 726,535 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the shares of the company are sold short.
Auto Trader Group Trading Up 1.3%
ATDRY traded up $0.02 during midday trading on Friday, reaching $1.57. 235,597 shares of the company’s stock were exchanged, compared to its average volume of 1,165,764. The company has a quick ratio of 1.66, a current ratio of 1.73 and a debt-to-equity ratio of 0.40. The business has a 50-day simple moving average of $1.56 and a two-hundred day simple moving average of $1.64. Auto Trader Group has a one year low of $1.37 and a one year high of $2.80.
Wall Street Analysts Forecast Growth
ATDRY has been the subject of a number of recent research reports. Citigroup lowered Auto Trader Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 8th. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Auto Trader Group in a research report on Friday, July 17th. Barclays downgraded shares of Auto Trader Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 22nd. Finally, The Goldman Sachs Group initiated coverage on shares of Auto Trader Group in a research note on Thursday, June 4th. They issued a “buy” rating for the company. One analyst has rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold”.
About Auto Trader Group
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.
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