Barratt Developments plc (OTCMKTS:BTDPY) Sees Large Decrease in Short Interest

by · The Cerbat Gem

Barratt Developments plc (OTCMKTS:BTDPY – Get Free Report) was the target of a large decline in short interest in the month of September. As of September 30th, there was short interest totalling 1,000 shares, a decline of 77.8% from the September 15th total of 4,500 shares. Based on an average daily trading volume, of 7,900 shares, the days-to-cover ratio is currently 0.1 days.

Barratt Developments Stock Down 2.8 %

BTDPY traded down $0.34 on Friday, reaching $11.73. The stock had a trading volume of 36,719 shares, compared to its average volume of 8,443. The business’s 50-day moving average price is $13.24 and its two-hundred day moving average price is $12.64. Barratt Developments has a 12-month low of $9.45 and a 12-month high of $14.85.

Barratt Developments Increases Dividend

The firm also recently declared a dividend, which will be paid on Monday, November 18th. Investors of record on Friday, September 27th will be issued a $0.2582 dividend. This is a boost from Barratt Developments’s previous dividend of $0.10. The ex-dividend date of this dividend is Friday, September 27th.

Wall Street Analyst Weigh In

Separately, Citigroup upgraded Barratt Developments to a “strong-buy” rating in a research report on Thursday, September 5th.

Get Our Latest Report on Barratt Developments

About Barratt Developments

(Get Free Report)

Barratt Developments plc engages in the housebuilding business in the United Kingdom. The company acquires and develops land; plans, designs, and constructs homes, apartments, penthouses, and communities, as well as undertakes mixed-use regeneration schemes; and develops retail, leisure, office, industrial, and mixed-use properties.

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