Short Interest in Barratt Developments plc (OTCMKTS:BTDPY) Decreases By 13.0%

Barratt Developments plc (OTCMKTS:BTDPY) was the target of a significant decline in short interest during the month of December. As of December 31st, there was short interest totalling 42,300 shares, a decline of 13.0% from the December 15th total of 48,600 shares. Based on an average daily trading volume, of 58,200 shares, the days-to-cover ratio is presently 0.7 days.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada raised Barratt Developments from a “hold” rating to a “moderate buy” rating in a research note on Monday, December 2nd.

Barratt Developments Stock Performance

OTCMKTS:BTDPY opened at $10.44 on Friday. The firm has a 50-day simple moving average of $10.79 and a two-hundred day simple moving average of $12.16. Barratt Developments has a fifty-two week low of $9.68 and a fifty-two week high of $14.85.

About Barratt Developments

Barratt Redrow plc engages in the housebuilding business in the United Kingdom. The company acquires and develops land; plans, designs, and constructs homes, apartments, penthouses, and communities, as well as undertakes mixed-use regeneration schemes; and develops retail, leisure, office, industrial, and mixed-use properties.