Rightmove plc (OTCMKTS:RTMVY) Short Interest Up 635.6% in January

Rightmove plc (OTCMKTS:RTMVY) saw a significant increase in short interest in January. As of January 15th, there was short interest totaling 27,219 shares, an increase of 635.6% from the December 31st total of 3,700 shares. Based on an average daily volume of 904,792 shares, the days-to-cover ratio is currently 0.0 days. Based on an average daily volume of 904,792 shares, the days-to-cover ratio is currently 0.0 days.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Santander raised shares of Rightmove to an “outperform” rating in a research report on Tuesday, November 11th. Morgan Stanley downgraded shares of Rightmove from an “overweight” rating to an “underweight” rating in a research note on Friday, January 9th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold”.

Rightmove Stock Performance

Shares of RTMVY traded up $0.23 during mid-day trading on Tuesday, reaching $13.95. 988,839 shares of the company’s stock were exchanged, compared to its average volume of 573,458. The business’s fifty day simple moving average is $13.92 and its 200-day simple moving average is $17.38. Rightmove has a 52-week low of $13.20 and a 52-week high of $22.15.

About Rightmove

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.