Barratt Developments plc (OTCMKTS:BTDPY) Sees Significant Drop in Short Interest

Barratt Developments plc (OTCMKTS:BTDPY) saw a significant decline in short interest during the month of February. As of February 28th, there was short interest totalling 200 shares, a decline of 96.4% from the February 13th total of 5,500 shares. Based on an average daily trading volume, of 19,500 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the company’s shares are short sold.

Analysts Set New Price Targets

Separately, Royal Bank of Canada raised shares of Barratt Developments from a “hold” rating to a “moderate buy” rating in a research note on Monday, December 2nd.

Barratt Developments Stock Down 1.2 %

Shares of BTDPY opened at $11.14 on Thursday. Barratt Developments has a fifty-two week low of $9.68 and a fifty-two week high of $14.85. The firm’s 50 day moving average price is $10.89 and its 200 day moving average price is $11.59.

Barratt Developments Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Monday, June 2nd. Stockholders of record on Friday, April 4th will be given a dividend of $0.1416 per share. The ex-dividend date of this dividend is Friday, April 4th.

Barratt Developments Company Profile

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.