Barratt Developments plc (OTCMKTS:BTDPY) Short Interest Update

Barratt Developments plc (OTCMKTS:BTDPY) saw a large decline in short interest in the month of November. As of November 30th, there was short interest totalling 6,600 shares, a decline of 90.8% from the November 15th total of 72,000 shares. Based on an average daily trading volume, of 45,000 shares, the days-to-cover ratio is currently 0.1 days.

Analyst Ratings Changes

Several analysts have commented on the stock. Citigroup upgraded shares of Barratt Developments to a “strong-buy” rating in a research report on Thursday, September 5th. 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 Down 2.2 %

Barratt Developments stock traded down $0.25 during midday trading on Wednesday, hitting $11.34. 18,847 shares of the stock were exchanged, compared to its average volume of 10,768. Barratt Developments has a 52 week low of $10.11 and a 52 week high of $14.85. The company has a fifty day simple moving average of $11.53 and a two-hundred day simple moving average of $12.49.

Barratt Developments Increases Dividend

The company also recently declared a dividend, which was paid on Monday, November 18th. Stockholders of record on Friday, September 27th were issued a $0.2582 dividend. This is a positive change from Barratt Developments’s previous dividend of $0.10. The ex-dividend date of this dividend was Friday, September 27th.

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.