Berkeley Group Holdings PLC Unsponsored ADR (OTCMKTS:BKGFY) Sees Large Growth in Short Interest

Berkeley Group Holdings PLC Unsponsored ADR (OTCMKTS:BKGFY) was the recipient of a large growth in short interest during the month of February. As of February 27th, there was short interest totaling 58,400 shares, a growth of 14.8% from the February 12th total of 50,885 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily volume of 131,268 shares, the days-to-cover ratio is currently 0.4 days. Based on an average daily volume of 131,268 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.0% of the company’s shares are sold short.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Jefferies Financial Group upgraded shares of Berkeley Group from a “hold” rating to a “buy” rating in a report on Wednesday, December 3rd. The Goldman Sachs Group began coverage on shares of Berkeley Group in a research report on Monday, November 24th. They set a “sell” rating for the company. Zacks Research raised shares of Berkeley Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday, February 5th. Royal Bank Of Canada restated an “underperform” rating on shares of Berkeley Group in a report on Thursday, December 11th. Finally, Citigroup reaffirmed a “neutral” rating on shares of Berkeley Group in a research report on Tuesday, December 16th. Two research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, two have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold”.

Berkeley Group Stock Down 3.5%

BKGFY stock opened at $9.94 on Tuesday. The company’s 50 day moving average price is $11.29 and its 200 day moving average price is $10.64. Berkeley Group has a fifty-two week low of $9.03 and a fifty-two week high of $12.54. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.65 and a current ratio of 3.54.

Berkeley Group Company Profile

Berkeley Group Holdings plc is a leading UK residential property developer specializing in urban regeneration and new-build communities. Founded in 1976 by Tony Pidgley, the company has built a reputation for delivering high-quality homes in London and the surrounding regions. Its core operations encompass land acquisition, planning, design, construction and sales, with an emphasis on creating mixed-use neighborhoods that integrate housing, public spaces and community amenities.

Over the decades, Berkeley Group has completed numerous landmark projects, including large-scale schemes at Kidbrooke Village, Royal Arsenal Riverside and Elephant Park in east London.