Rightmove plc (OTCMKTS:RTMVY – Get Free Report) was the recipient of a significant increase in short interest in the month of March. As of March 13th, there was short interest totaling 25,006 shares, an increase of 859.2% from the February 26th total of 2,607 shares. Based on an average daily trading volume, of 92,631 shares, the short-interest ratio is currently 0.3 days.
Rightmove Trading Up 0.4%
OTCMKTS:RTMVY opened at $11.21 on Thursday. The company has a fifty day moving average of $12.28 and a 200 day moving average of $14.85. Rightmove has a 52 week low of $11.08 and a 52 week high of $22.15.
Wall Street Analysts Forecast Growth
Separately, Morgan Stanley cut Rightmove from an “overweight” rating to an “underweight” rating in a 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 company’s stock. Based on data from MarketBeat.com, the stock presently 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.
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