Admiral Group plc (OTCMKTS:AMIGY) Sees Significant Growth in Short Interest
by Amy Steele · The Cerbat GemAdmiral Group plc (OTCMKTS:AMIGY – Get Free Report) was the target of a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 6,162 shares, an increase of 98.1% from the August 15th total of 3,111 shares. Based on an average trading volume of 15,821 shares, the short-interest ratio is currently 0.4 days.
Analyst Upgrades and Downgrades
Several equities analysts have recently commented on the stock. The Goldman Sachs Group upgraded shares of Admiral Group from a “sell” rating to a “neutral” rating in a report on Thursday, July 9th. Royal Bank Of Canada reissued a “sector perform” rating on shares of Admiral Group in a research report on Wednesday, August 12th. Morgan Stanley upgraded Admiral Group from an “underweight” rating to an “overweight” rating in a research note on Monday, September 7th. Finally, Citigroup restated a “buy” rating on shares of Admiral Group in a research report on Friday, August 7th. Five analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.
Read Our Latest Analysis on AMIGY
Admiral Group Stock Down 2.2%
Admiral Group stock opened at $52.09 on Thursday. Admiral Group has a twelve month low of $36.05 and a twelve month high of $56.91. The stock’s fifty day simple moving average is $51.47 and its 200-day simple moving average is $47.32.
Admiral Group Company Profile
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.