Barratt Developments plc (OTCMKTS:BTDPY) Sees Significant Growth in Short Interest

Barratt Developments plc (OTCMKTS:BTDPY) was the recipient of a large growth in short interest in the month of December. As of December 15th, there was short interest totalling 48,600 shares, a growth of 636.4% from the November 30th total of 6,600 shares. Based on an average daily volume of 43,800 shares, the short-interest ratio is presently 1.1 days.

Barratt Developments Stock Up 1.2 %

Shares of OTCMKTS:BTDPY opened at $11.13 on Friday. Barratt Developments has a 1 year low of $10.11 and a 1 year high of $14.85. The business’s 50-day moving average is $11.26 and its 200 day moving average is $12.35.

Analysts Set New Price Targets

BTDPY has been the subject of several analyst reports. Citigroup raised shares of Barratt Developments to a “strong-buy” rating in a research report on Thursday, September 5th. Royal Bank of Canada upgraded shares of Barratt Developments from a “hold” rating to a “moderate buy” rating in a research note on Monday, December 2nd.

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.