Admiral Group plc (OTCMKTS:AMIGY) Short Interest Down 38.9% in June

Admiral Group plc (OTCMKTS:AMIGY) was the recipient of a large decline in short interest in June. As of June 30th, there was short interest totaling 13,867 shares, a decline of 38.9% from the June 15th total of 22,689 shares. Based on an average daily volume of 79,555 shares, the days-to-cover ratio is presently 0.2 days.

Admiral Group Price Performance

Shares of AMIGY opened at $48.01 on Friday. Admiral Group has a 12-month low of $36.05 and a 12-month high of $52.08. The business’s 50 day moving average is $46.42 and its 200 day moving average is $43.57.

Analysts Set New Price Targets

AMIGY has been the topic of several recent analyst reports. The Goldman Sachs Group raised shares of Admiral Group from a “sell” rating to a “neutral” rating in a research report on Thursday, July 9th. Royal Bank Of Canada cut Admiral Group from a “sector perform” rating to a “sector perform” rating in a research report on Friday, June 19th. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, Admiral Group currently has an average 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.