Whitbread PLC – Sponsored ADR (OTCMKTS:WTBDY) Sees Significant Drop in Short Interest

Whitbread PLC – Sponsored ADR (OTCMKTS:WTBDY) was the target of a large drop in short interest in the month of October. As of October 15th, there was short interest totaling 3,200 shares, a drop of 27.3% from the September 30th total of 4,400 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 12,600 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily trading volume, of 12,600 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.0% of the company’s shares are short sold.

Whitbread Trading Down 1.9%

Shares of WTBDY stock opened at $9.17 on Wednesday. Whitbread has a 1 year low of $7.41 and a 1 year high of $11.06. The firm’s fifty day moving average price is $10.49 and its two-hundred day moving average price is $10.06.

Analyst Ratings Changes

Several analysts recently commented on the company. Morgan Stanley reaffirmed an “overweight” rating on shares of Whitbread in a research note on Wednesday, September 3rd. Citigroup restated a “buy” rating on shares of Whitbread in a report on Thursday, August 21st. Finally, Peel Hunt upgraded shares of Whitbread to a “strong-buy” rating in a report on Thursday, October 16th. One equities research analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy”.

About Whitbread

Whitbread plc operates hotels and restaurants in the United Kingdom, Germany, and internationally. It operates hotels under the Premier Inn, ZIP by Premier Inn, and hub by Premier Inn brands. The company operates restaurants under the Brewers Fayre, Beefeater, Cookhouse & Pub, Bar+Block Steakhouse, Thyme, and Table Table brands in the United Kingdom.