The Berkeley Group Holdings plc (OTCMKTS:BKGFF) Sees Significant Decrease in Short Interest

The Berkeley Group Holdings plc (OTCMKTS:BKGFFGet Rating) was the target of a large decrease in short interest in the month of April. As of April 15th, there was short interest totalling 6,600 shares, a decrease of 28.3% from the March 31st total of 9,200 shares. Based on an average daily trading volume, of 0 shares, the days-to-cover ratio is currently ∞ days.

Shares of BKGFF opened at $50.01 on Monday. The Berkeley Group has a one year low of $50.01 and a one year high of $67.87. The stock has a 50 day moving average price of $50.54 and a 200 day moving average price of $56.98.

Separately, HSBC upgraded The Berkeley Group from a “reduce” rating to a “hold” rating in a research report on Monday, January 31st. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $5,075.00.

The Berkeley Group Company Profile (Get Rating)

The Berkeley Group Holdings plc, together with its subsidiaries, engages in the residential-led and mixed-use property development activities in the United Kingdom. It operates under the Berkeley, St Edward, St George, St James, St Joseph, and St William brand names. The company was founded in 1976 and is headquartered in Cobham, the United Kingdom.

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