Short Interest in Barratt Developments plc (OTCMKTS:BTDPY) Decreases By 13.0%

Barratt Developments plc (OTCMKTS:BTDPY) was the recipient of a significant decrease in short interest during the month of December. As of December 31st, there was short interest totalling 42,300 shares, a decrease of 13.0% from the December 15th total of 48,600 shares. Based on an average trading volume of 58,200 shares, the short-interest ratio is currently 0.7 days.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada raised Barratt Developments from a “hold” rating to a “moderate buy” rating in a research report on Monday, December 2nd.

Barratt Developments Trading Up 0.8 %

Shares of Barratt Developments stock traded up $0.09 during trading on Friday, hitting $10.50. 36,661 shares of the company’s stock traded hands, compared to its average volume of 38,836. Barratt Developments has a 1 year low of $9.68 and a 1 year high of $14.85. The business has a 50-day simple moving average of $10.81 and a 200-day simple moving average of $12.17.

About Barratt Developments

Barratt Redrow plc engages in the housebuilding business in the United Kingdom. The company acquires and develops land; plans, designs, and constructs homes, apartments, penthouses, and communities, as well as undertakes mixed-use regeneration schemes; and develops retail, leisure, office, industrial, and mixed-use properties.