Barratt Developments plc (OTCMKTS:BTDPY) Sees Significant Decrease in Short Interest
Barratt Developments plc (OTCMKTS:BTDPY) experienced a significant decrease in short interest, dropping 50% from 200 shares on February 28th to 100 shares by March 15th. Currently, 0.0% of the company's stock is short sold, with a days-to-cover ratio of 0.0 days based on an average trading volume of 38,200 shares. The stock traded at $11.07, with a 12-month low of $9.68 and a high of $14.85. The company also announced a dividend of $0.1416, payable on June 2nd to shareholders of record on April 4th.
Barratt Developments plc (OTCMKTS:BTDPY - Get Free Report) 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.
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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.
Read Our Latest Report on BTDPY
About Barratt Developments
(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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