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

Barratt Developments plc (OTCMKTS:BTDPY) saw a large growth in short interest in the month of November. As of November 15th, there was short interest totalling 72,000 shares, a growth of 7,900.0% from the October 31st total of 900 shares. Based on an average daily volume of 75,100 shares, the days-to-cover ratio is currently 1.0 days.

Analyst Upgrades and Downgrades

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

Barratt Developments Stock Up 1.3 %

Shares of BTDPY opened at $10.96 on Thursday. Barratt Developments has a 1 year low of $10.11 and a 1 year high of $14.85. The business’s 50 day simple moving average is $11.93 and its 200-day simple moving average is $12.61.

Barratt Developments Increases Dividend

The firm also recently declared a dividend, which was paid on Monday, November 18th. Investors of record on Friday, September 27th were paid a dividend of $0.2582 per share. This is an increase from Barratt Developments’s previous dividend of $0.10. The ex-dividend date was Friday, September 27th.

About Barratt Developments

Barratt Redrow 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.