Barratt Developments plc (OTCMKTS:BTDPY) Sees Large Drop in Short Interest

Barratt Developments plc (OTCMKTS:BTDPY) saw a significant drop in short interest in the month of February. As of February 15th, there was short interest totalling 5,500 shares, a drop 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 presently 0.2 days.

Analyst Ratings Changes

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 $10.81 on Monday. Barratt Developments has a fifty-two week low of $9.68 and a fifty-two week high of $14.85. The company has a fifty day moving average of $10.92 and a two-hundred day moving average of $11.76.

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.