Barratt Developments plc (OTCMKTS:BTDPY) Short Interest Update

Barratt Developments plc (OTCMKTS:BTDPY) was the target of a large increase in short interest in November. As of November 15th, there was short interest totalling 72,000 shares, an increase of 7,900.0% from the October 31st total of 900 shares. Based on an average daily trading volume, of 75,100 shares, the short-interest ratio is currently 1.0 days.

Barratt Developments Stock Performance

BTDPY stock opened at $10.96 on Friday. The company has a 50 day moving average price of $11.82 and a 200 day moving average price of $12.58. Barratt Developments has a fifty-two week low of $10.11 and a fifty-two week high of $14.85.

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 paid a dividend of $0.2582 per share. The ex-dividend date of this dividend was Friday, September 27th. This is a positive change from Barratt Developments’s previous dividend of $0.10.

Wall Street Analyst Weigh In

Separately, Citigroup upgraded shares of Barratt Developments to a “strong-buy” rating in a research report on Thursday, September 5th.

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.