Britvic plc (OTCMKTS:BTVCY – Get Rating) was the target of a significant increase in short interest in the month of April. As of April 30th, there was short interest totalling 25,800 shares, an increase of 2,245.5% from the April 15th total of 1,100 shares. Based on an average trading volume of 49,000 shares, the days-to-cover ratio is currently 0.5 days.
Separately, JPMorgan Chase & Co. reduced their target price on shares of Britvic from GBX 1,120 ($13.81) to GBX 1,000 ($12.33) in a research note on Friday, March 25th. Six analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $270.19.
BTVCY stock traded up $0.53 during trading on Wednesday, hitting $20.65. The company had a trading volume of 22,806 shares, compared to its average volume of 21,799. Britvic has a 52-week low of $19.58 and a 52-week high of $29.19. The firm has a 50 day moving average of $21.39. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.08 and a quick ratio of 0.84.
Britvic plc, together with its subsidiaries, manufactures, markets, distributes, and sells soft drinks in the United Kingdom, the Republic of Ireland, France, Brazil, and internationally. It also provides fruit juices, syrups, squash, mineral water, liquid concentrates, ready-to-drink nectar drinks, sodas, mixers, and energy and flavored drinks.
- Get a free copy of the StockNews.com research report on Britvic (BTVCY)
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