Barratt Developments plc (OTCMKTS:BTDPY) Sees Significant Decrease in Short Interest

Barratt Developments plc (OTCMKTS:BTDPY) was the target of a large decline in short interest in February. As of February 15th, there was short interest totalling 5,500 shares, a decline of 38.9% from the January 31st total of 9,000 shares. Based on an average daily trading volume, of 23,800 shares, the short-interest ratio is presently 0.2 days.

Analyst Ratings Changes

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

Barratt Developments Price Performance

OTCMKTS:BTDPY opened at $10.87 on Tuesday. Barratt Developments has a 1-year low of $9.68 and a 1-year high of $14.85. The firm has a 50 day simple moving average of $10.91 and a 200-day simple moving average of $11.73.

Barratt Developments Company Profile

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.