Short Interest in Rightmove plc (OTCMKTS:RTMVY) Declines By 23.9%

Rightmove plc (OTCMKTS:RTMVY) saw a significant decrease in short interest in December. As of December 31st, there was short interest totalling 39,700 shares, a decrease of 23.9% from the December 15th total of 52,200 shares. Based on an average daily volume of 146,100 shares, the days-to-cover ratio is currently 0.3 days.

Rightmove Price Performance

Rightmove stock traded down $0.07 during mid-day trading on Friday, reaching $16.10. 33,137 shares of the company’s stock traded hands, compared to its average volume of 42,294. The stock has a 50 day moving average of $16.24 and a two-hundred day moving average of $15.87. Rightmove has a 12-month low of $12.58 and a 12-month high of $19.20.

About Rightmove

Rightmove plc, together with its subsidiaries, operates online digital property advertising and information portals in the United Kingdom and internationally. The company operates through Agency, New Homes, and Other segments. The Agency segment provides property resale and letting advertising services on its platforms.