The Berkeley Group Holdings plc (OTCMKTS:BKGFY) Short Interest Update

The Berkeley Group Holdings plc (OTCMKTS:BKGFY) was the target of a significant increase in short interest in February. As of February 28th, there was short interest totalling 86,700 shares, an increase of 478.0% from the February 13th total of 15,000 shares. Based on an average daily volume of 831,400 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the shares of the stock are sold short.

The Berkeley Group Stock Up 1.8 %

OTCMKTS BKGFY traded up $0.17 during trading hours on Wednesday, reaching $9.53. The company’s stock had a trading volume of 249,352 shares, compared to its average volume of 321,727. The firm has a fifty day simple moving average of $9.45 and a 200-day simple moving average of $10.94. The Berkeley Group has a 52 week low of $8.48 and a 52 week high of $15.11. The company has a quick ratio of 0.66, a current ratio of 3.46 and a debt-to-equity ratio of 0.19.

The Berkeley Group Cuts Dividend

The business also recently declared a dividend, which will be paid on Monday, April 14th. Shareholders of record on Monday, March 10th will be given a $0.0833 dividend. The ex-dividend date of this dividend is Monday, March 10th.

Analysts Set New Price Targets

Separately, Barclays upgraded The Berkeley Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 6th.

About The Berkeley Group

The Berkeley Group Holdings plc, together with its subsidiaries, engages in the residential-led and mixed-use property development and ancillary activities in the United Kingdom. The company is involved in land selling activities. It operates under the Berkeley, St Edward, St George, St James, St Joseph, and St William brand names.