Admiral Group plc (OTCMKTS:AMIGY) Short Interest Update

Admiral Group plc (OTCMKTS:AMIGY) saw a large decline in short interest during the month of August. As of August 14th, there was short interest totaling 3,111 shares, a decline of 52.2% from the July 30th total of 6,506 shares. Based on an average daily volume of 15,871 shares, the short-interest ratio is presently 0.2 days.

Admiral Group Trading Down 1.3%

Admiral Group stock traded down $0.72 during mid-day trading on Friday, hitting $54.49. 5,199 shares of the company’s stock were exchanged, compared to its average volume of 50,730. The stock has a 50 day moving average of $50.23 and a two-hundred day moving average of $46.01. Admiral Group has a 1-year low of $36.05 and a 1-year high of $56.91.

Analyst Ratings Changes

Several analysts have issued reports on the company. The Goldman Sachs Group upgraded Admiral Group from a “sell” rating to a “neutral” rating in a report on Thursday, July 9th. Citigroup reaffirmed a “buy” rating on shares of Admiral Group in a research note on Friday, August 7th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating on shares of Admiral Group in a research note on Wednesday, August 12th. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

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.