Short Interest in Rightmove plc (OTCMKTS:RTMVY) Decreases By 97.5%

Rightmove plc (OTCMKTS:RTMVY) saw a large decrease in short interest in the month of January. As of January 30th, there was short interest totaling 692 shares, a decrease of 97.5% from the January 15th total of 27,219 shares. Based on an average daily volume of 772,638 shares, the short-interest ratio is currently 0.0 days. Based on an average daily volume of 772,638 shares, the short-interest ratio is currently 0.0 days.

Analysts Set New Price Targets

Several research firms have commented on RTMVY. Santander raised shares of Rightmove to an “outperform” rating in a research report on Tuesday, November 11th. Morgan Stanley cut Rightmove from an “overweight” rating to an “underweight” rating in a research report on Friday, January 9th. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Rightmove has an average rating of “Hold”.

Rightmove Stock Up 0.3%

OTCMKTS:RTMVY opened at $12.06 on Wednesday. The company has a 50-day moving average of $13.64 and a 200-day moving average of $16.79. Rightmove has a 52 week low of $11.89 and a 52 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.