The Berkeley Group Holdings plc (OTCMKTS:BKGFY – Get Free Report) was the recipient of a large drop in short interest in January. As of January 31st, there was short interest totalling 2,700 shares, a drop of 99.4% from the January 15th total of 426,300 shares. Based on an average daily volume of 693,200 shares, the days-to-cover ratio is currently 0.0 days.
The Berkeley Group Trading Up 1.0 %
Shares of BKGFY opened at $9.45 on Thursday. The stock has a 50 day moving average of $9.73 and a 200-day moving average of $11.48. The company has a current ratio of 3.46, a quick ratio of 0.66 and a debt-to-equity ratio of 0.19. The Berkeley Group has a 52 week low of $8.48 and a 52 week high of $15.11.
Wall Street Analysts Forecast Growth
Separately, Barclays upgraded The Berkeley Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th.
About The Berkeley Group
The Berkeley Group Holdings plc, together with its subsidiaries, engages in the residential-led and mixed-use property development and ancillary activities in the United Kingdom. The company is involved in land selling activities. It operates under the Berkeley, St Edward, St George, St James, St Joseph, and St William brand names.
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