Barratt Developments plc (OTCMKTS:BTDPY) Short Interest Up 8,900.0% in January

Barratt Developments plc (OTCMKTS:BTDPY) was the target of a significant increase in short interest during the month of January. As of January 31st, there was short interest totalling 9,000 shares, an increase of 8,900.0% from the January 15th total of 100 shares. Based on an average daily trading volume, of 37,500 shares, the short-interest ratio is currently 0.2 days.

Wall Street Analysts Forecast Growth

Separately, 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.

Barratt Developments Stock Performance

Barratt Developments stock traded down $0.16 during midday trading on Wednesday, reaching $10.89. The stock had a trading volume of 17,673 shares, compared to its average volume of 23,984. Barratt Developments has a 52-week low of $9.68 and a 52-week high of $14.85. The company has a fifty day moving average of $10.96 and a 200 day moving average of $11.98.

Barratt Developments Company Profile

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.