Barratt Developments plc (OTCMKTS:BTDPY) Short Interest Update

Barratt Developments plc (OTCMKTS:BTDPY) saw a large decrease in short interest in September. As of September 30th, there was short interest totalling 1,000 shares, a decrease of 77.8% from the September 15th total of 4,500 shares. Based on an average daily trading volume, of 7,900 shares, the days-to-cover ratio is presently 0.1 days.

Barratt Developments Stock Down 2.8 %

Shares of BTDPY traded down $0.34 during mid-day trading on Friday, hitting $11.73. 36,719 shares of the company traded hands, compared to its average volume of 8,443. The stock has a 50-day moving average price of $13.24 and a two-hundred day moving average price of $12.64. Barratt Developments has a 1 year low of $9.45 and a 1 year high of $14.85.

Barratt Developments Increases Dividend

The business also recently disclosed a dividend, which will be paid on Monday, November 18th. Stockholders of record on Friday, September 27th will be issued a dividend of $0.2582 per share. The ex-dividend date of this dividend is Friday, September 27th. This is an increase from Barratt Developments’s previous dividend of $0.10.

Analyst Upgrades and Downgrades

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

Barratt Developments Company Profile

Barratt Developments 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.