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

Admiral Group plc (OTCMKTS:AMIGY) was the recipient of a large drop in short interest in August. As of August 31st, there was short interest totalling 6,900 shares, a drop of 27.4% from the August 15th total of 9,500 shares. Based on an average daily volume of 4,000 shares, the days-to-cover ratio is presently 1.7 days.

Admiral Group Trading Up 0.2 %

Shares of AMIGY traded up $0.10 during midday trading on Tuesday, hitting $38.19. The company’s stock had a trading volume of 982 shares, compared to its average volume of 9,802. Admiral Group has a one year low of $27.89 and a one year high of $39.27. The company’s fifty day simple moving average is $36.03 and its two-hundred day simple moving average is $34.78.

Admiral Group Cuts Dividend

The firm also recently announced a dividend, which will be paid on Monday, October 21st. Shareholders of record on Friday, September 6th will be given a $0.2564 dividend. The ex-dividend date is Friday, September 6th. Admiral Group’s dividend payout ratio is presently 64.83%.

About Admiral Group

Admiral Group plc, a financial services company, provides insurance and personal lending products in the United Kingdom, France, Italy, Spain, and the United States. It operates through four segments: UK Insurance, International Insurance, Admiral Money, and Other. The company offers underwriting services, which includes motor, household, pet, travel, and other insurance, as well as car and home insurance; and unsecured personal loans and car finance products.