Berkeley Group Holdings PLC Unsponsored ADR (OTCMKTS:BKGFY) Short Interest Up 57.2% in July

Berkeley Group Holdings PLC Unsponsored ADR (OTCMKTS:BKGFY) was the recipient of a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 78,143 shares, an increase of 57.2% from the July 15th total of 49,711 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 116,560 shares, the days-to-cover ratio is presently 0.7 days.

Berkeley Group Trading Down 2.5%

OTCMKTS BKGFY opened at $9.73 on Tuesday. Berkeley Group has a 12 month low of $8.09 and a 12 month high of $12.54. The company’s 50 day simple moving average is $9.34 and its 200 day simple moving average is $9.72. The company has a current ratio of 3.58, a quick ratio of 0.70 and a debt-to-equity ratio of 0.18.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on BKGFY shares. Royal Bank Of Canada reiterated an “outperform” rating on shares of Berkeley Group in a research report on Thursday, June 25th. Zacks Research upgraded shares of Berkeley Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, June 9th. Kepler Capital Markets cut shares of Berkeley Group from a “hold” rating to a “strong sell” rating in a research note on Thursday, July 2nd. Finally, Berenberg Bank lowered shares of Berkeley Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 26th. Two investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, Berkeley Group has an average rating of “Hold”.

Berkeley Group Company Profile

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.