UNITE Group PLC (OTCMKTS:UTGPF) Sees Significant Growth in Short Interest

UNITE Group PLC (OTCMKTS:UTGPF) was the recipient of a large growth in short interest during the month of July. As of July 15th, there was short interest totaling 394,929 shares, a growth of 98.4% from the June 30th total of 199,036 shares. Based on an average daily volume of 2,934 shares, the short-interest ratio is presently 134.6 days. Approximately 0.1% of the shares of the stock are sold short.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Zacks Research upgraded UNITE Group to a “hold” rating in a report on Tuesday, April 14th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of UNITE Group in a report on Thursday, July 9th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

UNITE Group Stock Performance

UTGPF opened at $6.35 on Wednesday. The business’s 50 day moving average is $6.35 and its 200-day moving average is $6.73. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.27. UNITE Group has a twelve month low of $6.08 and a twelve month high of $11.90.

About UNITE Group

Unite Students is the UK's largest owner, manager and developer of purpose-built student accommodation serving the country's world-leading Higher Education sector. Following our successful £1.4bn acquisition of Liberty Living's UK assets in November 2019, we now provide homes to 76,000 students across 177 properties in 27 leading university towns and cities. Our people are driven by a common purpose: to provide a 'Home for Success' for the students who live with us and to be the most trusted brand in the sector.