Barratt Developments plc (OTCMKTS:BTDPY) Short Interest Up 103.7% in April

Barratt Developments plc (OTCMKTS:BTDPY) was the recipient of a large growth in short interest in the month of April. As of April 15th, there was short interest totalling 33,400 shares, a growth of 103.7% from the March 31st total of 16,400 shares. Based on an average trading volume of 81,000 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.0% of the company’s stock are sold short.

Barratt Developments Stock Down 2.2 %

Shares of BTDPY traded down $0.28 during midday trading on Monday, reaching $12.01. 5,031 shares of the stock were exchanged, compared to its average volume of 22,427. The firm has a 50 day simple moving average of $11.09 and a 200-day simple moving average of $11.15. Barratt Developments has a 12-month low of $9.68 and a 12-month high of $14.85.

Barratt Developments Cuts Dividend

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

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.