The Berkeley Group Holdings plc (OTCMKTS:BKGFY) Short Interest Down 50.9% in March

The Berkeley Group Holdings plc (OTCMKTS:BKGFY) was the recipient of a significant drop in short interest during the month of March. As of March 31st, there was short interest totalling 38,600 shares, a drop of 50.9% from the March 15th total of 78,600 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average trading volume of 333,500 shares, the days-to-cover ratio is presently 0.1 days.

The Berkeley Group Price Performance

Shares of The Berkeley Group stock traded up $0.13 on Wednesday, reaching $10.51. 129,394 shares of the company were exchanged, compared to its average volume of 281,878. 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 Berkeley Group has a fifty-two week low of $8.48 and a fifty-two week high of $15.11. The stock has a fifty day moving average price of $9.48 and a 200-day moving average price of $10.31.

The Berkeley Group Cuts Dividend

The business also recently disclosed a dividend, which was paid on Monday, April 14th. Investors of record on Monday, March 10th were given a dividend of $0.0833 per share. The ex-dividend date of this dividend was Monday, March 10th.

Analyst Ratings Changes

Separately, Barclays upgraded The Berkeley Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th.

The Berkeley Group Company Profile

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.