Short Interest in The Berkeley Group Holdings plc (OTCMKTS:BKGFY) Rises By 509.3%

The Berkeley Group Holdings plc (OTCMKTS:BKGFY) saw a significant increase in short interest in the month of April. As of April 15th, there was short interest totalling 235,200 shares, an increase of 509.3% from the March 31st total of 38,600 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 535,900 shares, the days-to-cover ratio is presently 0.4 days.

The Berkeley Group Stock Performance

BKGFY stock traded down $0.02 on Monday, hitting $10.92. 132,740 shares of the company’s stock traded hands, compared to its average volume of 270,393. The company has a quick ratio of 0.66, a current ratio of 3.46 and a debt-to-equity ratio of 0.19. The stock has a fifty day moving average of $9.68 and a 200-day moving average of $10.20. The Berkeley Group has a 1-year low of $8.48 and a 1-year high of $15.11.

The Berkeley Group Cuts Dividend

The company also recently announced a dividend, which was paid on Monday, April 14th. Shareholders of record on Monday, March 10th were issued a $0.0833 dividend. The ex-dividend date of this dividend was Monday, March 10th.

Wall Street Analyst Weigh In

Separately, Barclays raised shares of The Berkeley Group from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th.

About The Berkeley Group

The Berkeley Group Holdings plc, together with its subsidiaries, engages in the residential-led and mixed-use property development and ancillary activities in the United Kingdom. The company is involved in land selling activities. It operates under the Berkeley, St Edward, St George, St James, St Joseph, and St William brand names.