Admiral Group plc (OTCMKTS:AMIGY) Sees Large Decline in Short Interest

Admiral Group plc (OTCMKTS:AMIGY) saw a large decline in short interest in July. As of July 15th, there was short interest totaling 5,254 shares, a decline of 62.1% from the June 30th total of 13,867 shares. Based on an average daily trading volume, of 35,429 shares, the short-interest ratio is currently 0.1 days.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. The Goldman Sachs Group upgraded Admiral Group from a “sell” rating to a “neutral” rating in a research report on Thursday, July 9th. Royal Bank Of Canada cut shares of Admiral Group from a “sector perform” rating to a “sector perform” rating in a report on Friday, June 19th. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

Admiral Group Trading Up 0.2%

Shares of OTCMKTS:AMIGY opened at $47.89 on Tuesday. Admiral Group has a 52-week low of $36.05 and a 52-week high of $52.08. The company has a fifty day moving average of $46.96 and a 200-day moving average of $43.82.

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.