Rightmove plc (OTCMKTS:RTMVY) Short Interest Update

Rightmove plc (OTCMKTS:RTMVY) was the target of a significant increase in short interest in January. As of January 15th, there was short interest totaling 27,219 shares, an increase of 635.6% from the December 31st total of 3,700 shares. Based on an average trading volume of 904,792 shares, the short-interest ratio is presently 0.0 days. Based on an average trading volume of 904,792 shares, the short-interest ratio is presently 0.0 days.

Rightmove Stock Performance

Shares of RTMVY stock opened at $13.94 on Thursday. The company’s fifty day moving average price is $13.91 and its 200-day moving average price is $17.36. Rightmove has a 12 month low of $13.20 and a 12 month high of $22.15.

Wall Street Analysts Forecast Growth

RTMVY has been the subject of several research reports. Morgan Stanley lowered shares of Rightmove from an “overweight” rating to an “underweight” rating in a report on Friday, January 9th. Santander raised shares of Rightmove to an “outperform” rating in a research note on Tuesday, November 11th. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold”.

About Rightmove

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.