Berkeley Group Holdings PLC Unsponsored ADR (OTCMKTS:BKGFY) Short Interest Down 24.4% in March

Berkeley Group Holdings PLC Unsponsored ADR (OTCMKTS:BKGFY) was the target of a large drop in short interest in the month of March. As of March 13th, there was short interest totaling 44,148 shares, a drop of 24.4% from the February 26th total of 58,400 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 141,962 shares, the days-to-cover ratio is currently 0.3 days.

Wall Street Analysts Forecast Growth

BKGFY has been the subject of several analyst reports. Zacks Research upgraded shares of Berkeley Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday, February 5th. Citigroup restated a “neutral” rating on shares of Berkeley Group in a research report on Tuesday, December 16th. Jefferies Financial Group upgraded shares of Berkeley Group from a “hold” rating to a “buy” rating in a research report on Wednesday, December 3rd. Finally, Royal Bank Of Canada reissued an “underperform” rating on shares of Berkeley Group in a research note on Thursday, December 11th. Two analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold”.

Berkeley Group Price Performance

Shares of OTCMKTS BKGFY remained flat at $9.10 during trading on Monday. 47,439 shares of the stock traded hands, compared to its average volume of 82,685. The firm’s fifty day simple moving average is $11.04 and its two-hundred day simple moving average is $10.62. The company has a quick ratio of 0.65, a current ratio of 3.54 and a debt-to-equity ratio of 0.19. Berkeley Group has a 1-year low of $9.01 and a 1-year high of $12.54.

About Berkeley Group

Berkeley Group Holdings plc is a leading UK residential property developer specializing in urban regeneration and new-build communities. Founded in 1976 by Tony Pidgley, the company has built a reputation for delivering high-quality homes in London and the surrounding regions. Its core operations encompass land acquisition, planning, design, construction and sales, with an emphasis on creating mixed-use neighborhoods that integrate housing, public spaces and community amenities.

Over the decades, Berkeley Group has completed numerous landmark projects, including large-scale schemes at Kidbrooke Village, Royal Arsenal Riverside and Elephant Park in east London.