The Berkeley Group Holdings plc (OTCMKTS:BKGFY) Short Interest Down 72.4% in May

The Berkeley Group Holdings plc (OTCMKTS:BKGFY) saw a significant drop in short interest in the month of May. As of May 31st, there was short interest totalling 58,400 shares, a drop of 72.4% from the May 15th total of 211,700 shares. Based on an average trading volume of 199,900 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.0% of the shares of the stock are sold short.

The Berkeley Group Stock Up 1.4%

The Berkeley Group stock opened at $11.87 on Friday. The stock has a 50-day simple moving average of $11.07 and a 200 day simple moving average of $10.17. The company has a quick ratio of 0.66, a current ratio of 3.46 and a debt-to-equity ratio of 0.19. The Berkeley Group has a 12-month low of $8.48 and a 12-month high of $15.11.

Analysts Set New Price Targets

Separately, UBS Group raised The Berkeley Group from a “hold” rating to a “strong-buy” rating in a report on Monday, April 28th.

About The Berkeley Group

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