Short Interest in Barratt Developments plc (OTCMKTS:BTDPY) Declines By 50.0%

Barratt Developments plc (OTCMKTS:BTDPY) was the target of a significant decrease in short interest in March. As of March 15th, there was short interest totalling 100 shares, a decrease of 50.0% from the February 28th total of 200 shares. Based on an average trading volume of 38,200 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are short sold.

Barratt Developments Stock Performance

Shares of BTDPY traded up $0.08 on Friday, hitting $11.15. 16,347 shares of the stock traded hands, compared to its average volume of 19,265. Barratt Developments has a 1 year low of $9.68 and a 1 year high of $14.85. The stock’s 50 day moving average is $11.07 and its two-hundred day moving average is $11.41.

Barratt Developments Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Monday, June 2nd. Stockholders of record on Friday, April 4th will be issued a dividend of $0.1416 per share. The ex-dividend date of this dividend is Friday, April 4th.

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 note on Monday, December 2nd.

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.