Barratt Redrow plc. (OTCMKTS:BTDPY) Sees Significant Drop in Short Interest

Barratt Redrow plc. (OTCMKTS:BTDPY) saw a significant decline in short interest during the month of April. As of April 30th, there was short interest totaling 21,203 shares, a decline of 81.2% from the April 15th total of 112,512 shares. Based on an average trading volume of 339,907 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the company’s shares are sold short.

Barratt Redrow Stock Down 0.7%

Shares of OTCMKTS:BTDPY traded down $0.05 during trading hours on Thursday, hitting $6.79. 28,110 shares of the company’s stock traded hands, compared to its average volume of 183,533. Barratt Redrow has a 1 year low of $6.55 and a 1 year high of $13.18. The business has a fifty day moving average price of $7.29 and a 200-day moving average price of $9.24.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on BTDPY shares. Peel Hunt cut Barratt Redrow from a “strong-buy” rating to a “moderate buy” rating in a research note on Monday, February 16th. Royal Bank Of Canada upgraded Barratt Redrow from a “hold” rating to a “moderate buy” rating in a research report on Wednesday, April 1st. Finally, Zacks Research upgraded Barratt Redrow from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 14th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

Barratt Redrow 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. It is also involved in the commercial development business under the Wilson Bowden Developments brand name. The company offers its homes under the Barratt Homes, David Wilson Homes, and Barratt London brands.