Short Interest in Barratt Developments plc (OTCMKTS:BTDPY) Decreases By 38.9%

Barratt Developments plc (OTCMKTS:BTDPY) was the recipient of a large decline in short interest in February. As of February 15th, there was short interest totalling 5,500 shares, a decline of 38.9% from the January 31st total of 9,000 shares. Based on an average trading volume of 23,800 shares, the days-to-cover ratio is currently 0.2 days.

Barratt Developments Stock Performance

OTCMKTS BTDPY traded up $0.27 during mid-day trading on Friday, reaching $10.81. 15,903 shares of the stock were exchanged, compared to its average volume of 19,939. The business’s 50 day moving average is $10.92 and its 200-day moving average is $11.76. Barratt Developments has a 1 year low of $9.68 and a 1 year high of $14.85.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada raised shares of Barratt Developments from a “hold” rating to a “moderate buy” rating in a research report 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.