Rightmove plc (OTCMKTS:RTMVF) Sees Large Drop in Short Interest

Rightmove plc (OTCMKTS:RTMVFGet Rating) was the recipient of a significant decline in short interest in May. As of May 31st, there was short interest totalling 1,183,600 shares, a decline of 25.2% from the May 15th total of 1,583,000 shares. Based on an average trading volume of 400 shares, the days-to-cover ratio is currently 2,959.0 days.

Shares of Rightmove stock opened at $7.14 on Wednesday. The company has a 50-day simple moving average of $7.37 and a two-hundred day simple moving average of $9.01. Rightmove has a one year low of $6.72 and a one year high of $10.77.

Several analysts recently weighed in on RTMVF shares. Royal Bank of Canada upgraded Rightmove to a “hold” rating and set a $630.00 price objective for the company in a report on Thursday, March 24th. Barclays reiterated a “sell” rating and issued a $610.00 target price on shares of Rightmove in a report on Tuesday, April 5th.

Rightmove Company Profile (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.

Further Reading

Receive News & Ratings for Rightmove Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rightmove and related companies with MarketBeat.com's FREE daily email newsletter.