Rightmove plc (OTCMKTS:RTMVY) Sees Significant Growth in Short Interest

Rightmove plc (OTCMKTS:RTMVY) was the target of a large increase in short interest in February. As of February 13th, there was short interest totaling 2,950 shares, an increase of 326.3% from the January 29th total of 692 shares. Based on an average daily volume of 715,246 shares, the short-interest ratio is currently 0.0 days. Based on an average daily volume of 715,246 shares, the short-interest ratio is currently 0.0 days.

Rightmove Price Performance

RTMVY traded up $0.46 during trading hours on Friday, reaching $11.99. 61,516 shares of the stock traded hands, compared to its average volume of 448,631. Rightmove has a fifty-two week low of $11.12 and a fifty-two week high of $22.15. The firm’s fifty day simple moving average is $12.99 and its two-hundred day simple moving average is $15.96.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Morgan Stanley cut Rightmove from an “overweight” rating to an “underweight” rating in a report on Friday, January 9th. Santander upgraded Rightmove to an “outperform” rating in a report on Tuesday, November 11th. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, Rightmove has a consensus rating of “Hold”.

Rightmove Company Profile

Rightmove plc is a leading online real estate portal headquartered in London, United Kingdom. Launched in April 2000, the company was created by a consortium of UK estate agents to provide a centralized platform for property listings. It has since grown to become the foremost digital marketplace for residential and commercial property in the UK, facilitating connections between buyers, sellers, landlords, tenants, and industry professionals.

The core offering of Rightmove is its property portal, which aggregates listings from estate agents, house builders and new homes developers.