Barratt Developments plc (OTCMKTS:BTDPY) Short Interest Down 90.8% in November

Barratt Developments plc (OTCMKTS:BTDPY) was the target of a significant decrease in short interest in November. As of November 30th, there was short interest totalling 6,600 shares, a decrease of 90.8% from the November 15th total of 72,000 shares. Based on an average daily trading volume, of 45,000 shares, the days-to-cover ratio is presently 0.1 days.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on BTDPY shares. Royal Bank of Canada raised shares of Barratt Developments from a “hold” rating to a “moderate buy” rating in a research report on Monday, December 2nd. Citigroup upgraded Barratt Developments to a “strong-buy” rating in a research note on Thursday, September 5th.

Barratt Developments Stock Performance

Barratt Developments stock traded up $0.11 during midday trading on Thursday, reaching $11.45. The company’s stock had a trading volume of 16,138 shares, compared to its average volume of 10,790. Barratt Developments has a 52 week low of $10.11 and a 52 week high of $14.85. The business has a 50-day moving average price of $11.51 and a 200-day moving average price of $12.48.

Barratt Developments Increases Dividend

The business also recently disclosed a dividend, which was paid on Monday, November 18th. Investors of record on Friday, September 27th were given a dividend of $0.2582 per share. This is a boost from Barratt Developments’s previous dividend of $0.10. The ex-dividend date of this dividend was Friday, September 27th.

Barratt Developments Company Profile

Barratt Redrow plc engages in the housebuilding business in the United Kingdom. The company acquires and develops land; plans, designs, and constructs homes, apartments, penthouses, and communities, as well as undertakes mixed-use regeneration schemes; and develops retail, leisure, office, industrial, and mixed-use properties.