Short Interest in Auto Trader Group plc (OTCMKTS:ATDRY) Rises By 395.6%

Auto Trader Group plc (OTCMKTS:ATDRY - Get Free Report) saw a large increase in short interest in the month of March. As of March 15th, there was short interest totalling 56,500 shares, an increase of 395.6% from the February 28th total of 11,400 shares. Based on an average daily trading volume, of 379,800 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are short sold.

Auto Trader Group Price Performance

ATDRY traded up $0.05 during midday trading on Monday, hitting $2.41. 199,732 shares of the company were exchanged, compared to its average volume of 196,849. The company's 50 day simple moving average is $2.42 and its 200 day simple moving average is $2.57. Auto Trader Group has a 1-year low of $2.04 and a 1-year high of $3.00.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group upgraded shares of Auto Trader Group to a "strong sell" rating in a research note on Tuesday, March 25th.

Auto Trader Group Company Profile

Auto Trader Group plc operates in the digital automotive marketplace in the United Kingdom and Ireland. The company provides vehicle advertisement on its websites for private sellers, as well as insurance and loan financing products to consumers; and display advertising on its websites for manufacturers and their advertising agencies.