Barratt Developments plc (OTCMKTS:BTDPY) Short Interest Update
Barratt Developments plc (OTCMKTS:BTDPY) experienced a 13.0% decline in short interest in January, totaling 42,300 shares as of January 15th, down from 48,600 shares on December 31st. The short-interest ratio is currently 0.7 days based on an average daily volume of 58,200 shares. The stock traded down 0.8% to $11.49, with a 12-month low of $9.68 and a high of $14.85. Analysts at Royal Bank of Canada upgraded the stock from "hold" to "moderate buy" in December.
Barratt Developments plc (OTCMKTS:BTDPY - Get Free Report) was the target of a large decrease in short interest in January. As of January 15th, there was short interest totalling 42,300 shares, a decrease of 13.0% from the December 31st total of 48,600 shares. Based on an average daily volume of 58,200 shares, the short-interest ratio is currently 0.7 days.
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Barratt Developments Stock Down 0.8 %
OTCMKTS BTDPY traded down $0.09 on Friday, reaching $11.49. 8,083 shares of the company's stock traded hands, compared to its average volume of 28,264. Barratt Developments has a 12 month low of $9.68 and a 12 month high of $14.85. The stock has a 50-day simple moving average of $10.92 and a 200 day simple moving average of $12.05.
Wall Street Analyst Weigh In
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.
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Barratt Developments Company Profile
(Get Free Report)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.
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