Admiral Group plc (OTCMKTS:AMIGY) Short Interest Up 1,555.3% in December

Admiral Group plc (OTCMKTS:AMIGY) was the recipient of a significant increase in short interest in December. As of December 15th, there was short interest totaling 47,440 shares, an increase of 1,555.3% from the November 30th total of 2,866 shares. Based on an average daily trading volume, of 159,668 shares, the short-interest ratio is presently 0.3 days. Based on an average daily trading volume, of 159,668 shares, the short-interest ratio is presently 0.3 days.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Jefferies Financial Group raised shares of Admiral Group from a “hold” rating to a “buy” rating in a report on Monday, September 29th. UBS Group cut Admiral Group to a “neutral” rating in a report on Wednesday, December 17th. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, Admiral Group currently has an average rating of “Moderate Buy”.

Admiral Group Price Performance

Shares of AMIGY stock traded up $0.36 during trading hours on Wednesday, reaching $43.65. 20,446 shares of the company were exchanged, compared to its average volume of 14,321. Admiral Group has a fifty-two week low of $30.45 and a fifty-two week high of $52.08. The stock’s fifty day moving average is $42.89 and its two-hundred day moving average is $45.11.

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.