Short Interest in Travis Perkins plc (OTCMKTS:TPRKY) Rises By 2,800.0%

Travis Perkins plc (OTCMKTS:TPRKY – Get Rating) was the target of a large growth in short interest in the month of May. As of May 15th, there was short interest totalling 2,900 shares, a growth of 2,800.0% from the April 30th total of 100 shares. Based on an average trading volume of 30,700 shares, the short-interest ratio is currently 0.1 days.

OTCMKTS TPRKY traded down $0.44 on Wednesday, hitting $14.12. 8,891 shares of the stock were exchanged, compared to its average volume of 22,847. Travis Perkins has a fifty-two week low of $13.42 and a fifty-two week high of $25.80. The company has a 50-day moving average price of $15.87 and a 200-day moving average price of $18.70.

The company also recently declared a dividend, which was paid on Friday, May 20th. Shareholders of record on Friday, April 1st were issued a dividend of $0.3217 per share. This represents a yield of 29.27%. The ex-dividend date was Thursday, March 31st.

A number of research firms have recently issued reports on TPRKY. Jefferies Financial Group downgraded shares of Travis Perkins from a “buy” rating to a “hold” rating in a research note on Tuesday, March 8th. Credit Suisse Group dropped their price objective on shares of Travis Perkins from GBX 1,805 ($22.71) to GBX 1,600 ($20.13) in a report on Tuesday, March 1st. Finally, Peel Hunt upgraded shares of Travis Perkins to a “buy” rating in a report on Wednesday, March 2nd. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $1,600.00.

Travis Perkins Company Profile (Get Rating)

Travis Perkins plc distributes building materials to the building, construction, and home improvement markets in the United Kingdom. It operates through, Merchanting, and Toolstation segments. The Merchanting segment distributes interior building products, which include drywalls, ceilings, external envelopes, fire protection products, flooring and partitioning products, and tools and accessories to professionals within the construction industry; civil, drainage, and heavy building materials to specialist contractors and trade professionals; and pipeline and heating solutions.

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