Short Interest in Rightmove plc (OTCMKTS:RTMVY) Decreases By 96.4%

Rightmove plc (OTCMKTS:RTMVY – Get Rating) was the target of a large drop in short interest in April. As of April 30th, there was short interest totalling 100 shares, a drop of 96.4% from the April 15th total of 2,800 shares. Based on an average trading volume of 104,600 shares, the short-interest ratio is currently 0.0 days.

Shares of RTMVY opened at $13.18 on Thursday. Rightmove has a fifty-two week low of $13.00 and a fifty-two week high of $22.09. The business has a 50-day moving average of $16.26 and a 200 day moving average of $18.13.

The business also recently announced a dividend, which will be paid on Monday, June 13th. Shareholders of record on Friday, April 29th will be issued a dividend of $0.1104 per share. This represents a yield of 1.1%. The ex-dividend date is Thursday, April 28th.

A number of equities research analysts have recently commented on RTMVY shares. Royal Bank of Canada upgraded Rightmove from an “underperform” rating to a “sector perform” rating in a research note on Thursday, March 24th. Berenberg Bank lifted their target price on Rightmove from GBX 710 ($8.75) to GBX 740 ($9.12) in a research note on Tuesday, March 1st. Credit Suisse Group lowered their target price on Rightmove from GBX 660 ($8.14) to GBX 650 ($8.01) in a research note on Monday, February 28th. Bank of America upgraded Rightmove from a “neutral” rating to a “buy” rating in a research note on Thursday. Finally, JPMorgan Chase & Co. lowered Rightmove from a “neutral” rating to an “underweight” rating in a report on Wednesday, February 9th. Four analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, Rightmove currently has a consensus rating of “Hold” and an average target price of $695.00.

About Rightmove (Get Rating)

Rightmove plc, together with its subsidiaries, operates property portals in the United Kingdom and internationally. It operates through Agency, New Homes, and Other segments. The Agency segment provides property resale and letting advertising services on its platforms. It also offers tenant references and rent guarantee insurance services to landlords.

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