Rightmove plc (OTCMKTS:RTMVY – Get Free Report) was the recipient of a large decline in short interest in the month of January. As of January 30th, there was short interest totaling 692 shares, a decline of 97.5% from the January 15th total of 27,219 shares. Based on an average daily volume of 772,638 shares, the short-interest ratio is presently 0.0 days. Based on an average daily volume of 772,638 shares, the short-interest ratio is presently 0.0 days.
Analysts Set New Price Targets
RTMVY has been the subject of a number of recent analyst reports. Morgan Stanley cut shares of Rightmove from an “overweight” rating to an “underweight” rating in a report on Friday, January 9th. Santander upgraded Rightmove to an “outperform” rating in a research note on Tuesday, November 11th. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, Rightmove currently has an average rating of “Hold”.
Read Our Latest Stock Report on RTMVY
Rightmove Trading Down 2.0%
About Rightmove
Rightmove plc is a leading online real estate portal headquartered in London, United Kingdom. Launched in April 2000, the company was created by a consortium of UK estate agents to provide a centralized platform for property listings. It has since grown to become the foremost digital marketplace for residential and commercial property in the UK, facilitating connections between buyers, sellers, landlords, tenants, and industry professionals.
The core offering of Rightmove is its property portal, which aggregates listings from estate agents, house builders and new homes developers.
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