Auto Trader Group (OTCMKTS:ATDRY) Shares Shorted: Short Interest Down 68.7% in September

Auto Trader Group (OTCMKTS:ATDRY) was the recipient of a large decrease in short interest in the month of September. As of September 15th, there was short interest totaling 8,911 shares, a decrease of 68.7% from the August 31st total of 28,479 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 183,412 shares, the days-to-cover ratio is currently 0.0 days.

Auto Trader Group Stock Down 1.4%

Shares of ATDRY opened at $1.44 on Tuesday. Auto Trader Group has a 1 year low of $1.37 and a 1 year high of $2.69. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.66 and a current ratio of 1.73. The stock’s fifty day moving average price is $1.67 and its two-hundred day moving average price is $1.62.

Wall Street Analysts Forecast Growth

ATDRY has been the topic of a number of research analyst reports. Royal Bank Of Canada reissued a “sector perform” rating on shares of Auto Trader Group in a report on Friday, July 17th. Jefferies Financial Group upgraded shares of Auto Trader Group from a “hold” rating to a “buy” rating in a report on Tuesday, September 8th. Finally, The Goldman Sachs Group assumed coverage on shares of Auto Trader Group in a research note on Thursday, June 4th. They issued a “buy” rating on the stock. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold”.

About Auto Trader Group

Auto Trader Group plc operates a digital automotive marketplace serving consumers and automotive retailers in the United Kingdom and Ireland. Its flagship Auto Trader platform enables users to search for, compare and contact sellers about new and used cars, vans and other vehicles.

The company provides automotive retailers with online advertising and inventory management services, including tools to display vehicle listings, manage stock and connect with prospective buyers. Auto Trader also offers vehicle valuation, pricing and market insight products that support purchasing decisions and dealership operations.

Auto Trader traces its origins to the classified vehicle advertising business established in the United Kingdom in the late 1970s.