Short Interest in Berkeley Group Holdings PLC Unsponsored ADR (OTCMKTS:BKGFY) Drops By 33.2%

Berkeley Group Holdings PLC Unsponsored ADR (OTCMKTS:BKGFY) was the target of a large decrease in short interest in July. As of July 15th, there was short interest totaling 49,711 shares, a decrease of 33.2% from the June 30th total of 74,405 shares. Based on an average daily volume of 167,758 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.0% of the company’s stock are short sold.

Analyst Upgrades and Downgrades

BKGFY has been the topic of a number of research reports. Kepler Capital Markets lowered shares of Berkeley Group from a “hold” rating to a “strong sell” rating in a research note on Thursday, July 2nd. Zacks Research raised shares of Berkeley Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 9th. Royal Bank Of Canada restated an “outperform” rating on shares of Berkeley Group in a report on Thursday, June 25th. Finally, Berenberg Bank cut shares of Berkeley Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 26th. Two analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Berkeley Group presently has an average rating of “Hold”.

Berkeley Group Trading Up 4.1%

OTCMKTS:BKGFY opened at $9.60 on Friday. Berkeley Group has a twelve month low of $8.09 and a twelve month high of $12.54. The business has a 50 day moving average price of $9.20 and a two-hundred day moving average price of $9.83. The company has a quick ratio of 0.70, a current ratio of 3.58 and a debt-to-equity ratio of 0.18.

Berkeley Group Company Profile

Berkeley Group Holdings plc is a leading UK residential property developer specializing in urban regeneration and new-build communities. Founded in 1976 by Tony Pidgley, the company has built a reputation for delivering high-quality homes in London and the surrounding regions. Its core operations encompass land acquisition, planning, design, construction and sales, with an emphasis on creating mixed-use neighborhoods that integrate housing, public spaces and community amenities.

Over the decades, Berkeley Group has completed numerous landmark projects, including large-scale schemes at Kidbrooke Village, Royal Arsenal Riverside and Elephant Park in east London.