UNITE Group PLC (OTCMKTS:UTGPF) Short Interest Up 1,562.6% in April

UNITE Group PLC (OTCMKTS:UTGPF) saw a significant increase in short interest in April. As of April 30th, there was short interest totaling 327,782 shares, an increase of 1,562.6% from the April 15th total of 19,715 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 1,774 shares, the days-to-cover ratio is currently 184.8 days.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Zacks Research raised shares of UNITE Group to a “hold” rating in a research note on Tuesday, April 14th. Barclays downgraded shares of UNITE Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 17th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

UNITE Group Stock Performance

UTGPF stock remained flat at $6.35 during trading on Monday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.75 and a current ratio of 0.75. The stock has a 50 day moving average price of $6.35 and a 200 day moving average price of $7.11. UNITE Group has a 12-month low of $6.08 and a 12-month high of $11.90.

UNITE Group Company Profile

Unite Students is the UK's largest owner, manager and developer of purpose-built student accommodation serving the country's world-leading Higher Education sector. Following our successful £1.4bn acquisition of Liberty Living's UK assets in November 2019, we now provide homes to 76,000 students across 177 properties in 27 leading university towns and cities. Our people are driven by a common purpose: to provide a 'Home for Success' for the students who live with us and to be the most trusted brand in the sector.