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

Barratt Developments plc (OTCMKTS:BTDPY) was the target of a large decrease in short interest during the month of March. As of March 15th, there was short interest totalling 100 shares, a decrease of 50.0% from the February 28th total of 200 shares. Based on an average trading volume of 38,200 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the company’s stock are short sold.

Barratt Developments Stock Performance

Shares of BTDPY traded up $0.23 on Friday, reaching $11.07. 13,306 shares of the stock traded hands, compared to its average volume of 19,345. The stock’s 50-day moving average price is $11.06 and its 200-day moving average price is $11.42. Barratt Developments has a 12 month low of $9.68 and a 12 month high of $14.85.

Barratt Developments Cuts Dividend

The company also recently announced a dividend, which will be paid on Monday, June 2nd. Stockholders of record on Friday, April 4th will be paid a $0.1416 dividend. The ex-dividend date is Friday, April 4th.

Analyst Ratings Changes

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.

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.