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

Barratt Developments plc (OTCMKTS:BTDPY – Get Rating) was the recipient of a significant increase in short interest in the month of April. As of April 15th, there was short interest totalling 49,800 shares, an increase of 38.0% from the March 31st total of 36,100 shares. Based on an average daily volume of 64,100 shares, the days-to-cover ratio is currently 0.8 days.

BTDPY opened at $12.21 on Friday. Barratt Developments has a 52 week low of $12.21 and a 52 week high of $22.25. The business’s fifty day simple moving average is $14.24 and its 200 day simple moving average is $16.95.

The company also recently announced a dividend, which will be paid on Thursday, June 2nd. Investors of record on Friday, April 8th will be paid a $0.2569 dividend. The ex-dividend date is Thursday, April 7th. This represents a yield of 5.77%.

BTDPY has been the topic of several research analyst reports. Zacks Investment Research raised shares of Barratt Developments from a “sell” rating to a “hold” rating in a report on Tuesday, April 26th. Jefferies Financial Group cut shares of Barratt Developments from a “buy” rating to a “hold” rating in a report on Monday, January 24th. Morgan Stanley decreased their price target on shares of Barratt Developments from GBX 800 ($10.20) to GBX 780 ($9.94) in a report on Friday, January 21st. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Barratt Developments from GBX 861 ($10.97) to GBX 832 ($10.60) in a report on Friday, January 14th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Barratt Developments from GBX 870 ($11.09) to GBX 710 ($9.05) in a report on Friday, March 25th. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $584.25.

About Barratt Developments (Get Rating)

Barratt Developments plc engages in the housebuilding and commercial development businesses in Great Britain. It acquires and develops land; plans, designs, and constructs homes, apartments, penthouses, and communities; and retail, leisure, office, industrial, and mixed-use properties. The company offers homes under the Barratt Homes, David Wilson Homes, and Barratt London brands.

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