Short Interest in Barratt Developments plc (OTCMKTS:BTDPY) Rises By 12.5%

Barratt Developments plc (OTCMKTS:BTDPY) was the target of a large growth in short interest during the month of October. As of October 31st, there was short interest totalling 900 shares, a growth of 12.5% from the October 15th total of 800 shares. Based on an average daily volume of 11,300 shares, the short-interest ratio is currently 0.1 days.

Wall Street Analysts Forecast Growth

Separately, Citigroup upgraded Barratt Developments to a “strong-buy” rating in a research report on Thursday, September 5th.

Barratt Developments Stock Down 0.2 %

Shares of OTCMKTS:BTDPY traded down $0.02 during midday trading on Monday, hitting $10.38. The company had a trading volume of 14,900 shares, compared to its average volume of 9,814. Barratt Developments has a 12 month low of $10.29 and a 12 month high of $14.85. The firm has a fifty day simple moving average of $12.31 and a 200 day simple moving average of $12.69.

Barratt Developments Increases Dividend

The business also recently declared a dividend, which will be paid on Monday, November 18th. Stockholders of record on Friday, September 27th will be given a $0.2582 dividend. This is a positive change from Barratt Developments’s previous dividend of $0.10. The ex-dividend date is Friday, September 27th.

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.