Berkeley Group Holdings PLC Unsponsored ADR (OTCMKTS:BKGFY) Sees Significant Decrease in Short Interest

Berkeley Group Holdings PLC Unsponsored ADR (OTCMKTS:BKGFY) was the recipient of a significant decline in short interest in September. As of September 15th, there was short interest totaling 8,700 shares, a decline of 44.6% from the August 31st total of 15,700 shares. Based on an average daily volume of 113,700 shares, the short-interest ratio is presently 0.1 days. Based on an average daily volume of 113,700 shares, the short-interest ratio is presently 0.1 days.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Zacks Research cut Berkeley Group from a “strong-buy” rating to a “hold” rating in a report on Friday, August 29th. Kepler Capital Markets raised Berkeley Group to a “hold” rating in a report on Wednesday, July 23rd. Finally, Royal Bank Of Canada raised Berkeley Group from a “strong sell” rating to a “moderate buy” rating in a report on Wednesday, July 9th. Two research analysts have rated the stock with a Strong Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Berkeley Group currently has an average rating of “Buy”.

Berkeley Group Stock Performance

OTCMKTS BKGFY opened at $10.65 on Monday. Berkeley Group has a 1 year low of $8.48 and a 1 year high of $12.72. The business’s fifty day moving average is $9.94 and its two-hundred day moving average is $10.36. The company has a quick ratio of 0.61, a current ratio of 3.36 and a debt-to-equity ratio of 0.19.

About 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.