Barratt Developments plc (OTCMKTS:BTDPY – Get Free Report) was the recipient of a large decrease in short interest in the month of February. As of February 15th, there was short interest totalling 5,500 shares, a decrease of 38.9% from the January 31st total of 9,000 shares. Based on an average daily volume of 23,800 shares, the short-interest ratio is currently 0.2 days.
Barratt Developments Stock Up 0.6 %
Shares of BTDPY opened at $10.87 on Tuesday. Barratt Developments has a 52-week low of $9.68 and a 52-week high of $14.85. The business’s 50 day moving average is $10.91 and its two-hundred day moving average is $11.73.
Wall Street Analysts Forecast Growth
Separately, Royal Bank of Canada upgraded shares of Barratt Developments from a “hold” rating to a “moderate buy” rating in a research note on Monday, December 2nd.
Barratt Developments Company Profile
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.
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