Rightmove plc (OTCMKTS:RTMVY) Sees Large Increase in Short Interest

Rightmove plc (OTCMKTS:RTMVY) was the target of a significant increase in short interest in December. As of December 31st, there was short interest totaling 3,700 shares, an increase of 43.8% from the December 15th total of 2,573 shares. Based on an average daily volume of 188,990 shares, the short-interest ratio is currently 0.0 days. Based on an average daily volume of 188,990 shares, the short-interest ratio is currently 0.0 days.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Morgan Stanley lowered Rightmove from an “overweight” rating to an “underweight” rating in a research note on Friday, January 9th. Santander raised Rightmove to an “outperform” rating in a research note on Tuesday, November 11th. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold”.

Rightmove Stock Down 0.1%

OTCMKTS RTMVY opened at $13.77 on Monday. The firm’s fifty day moving average price is $14.06 and its two-hundred day moving average price is $17.76. Rightmove has a fifty-two week low of $13.32 and a fifty-two week high of $22.15.

Rightmove Company Profile

Rightmove plc is a leading online real estate portal headquartered in London, United Kingdom. Launched in April 2000, the company was created by a consortium of UK estate agents to provide a centralized platform for property listings. It has since grown to become the foremost digital marketplace for residential and commercial property in the UK, facilitating connections between buyers, sellers, landlords, tenants, and industry professionals.

The core offering of Rightmove is its property portal, which aggregates listings from estate agents, house builders and new homes developers.