The Berkeley Group Holdings plc (OTCMKTS:BKGFY) Sees Large Increase in Short Interest

The Berkeley Group Holdings plc (OTCMKTS:BKGFY) saw a large increase in short interest in April. As of April 15th, there was short interest totalling 235,200 shares, an increase of 509.3% from the March 31st total of 38,600 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 535,900 shares, the days-to-cover ratio is presently 0.4 days.

Wall Street Analysts Forecast Growth

Separately, Barclays upgraded The Berkeley Group from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th.

The Berkeley Group Stock Down 0.2 %

OTCMKTS:BKGFY traded down $0.02 during mid-day trading on Monday, reaching $10.92. The stock had a trading volume of 132,740 shares, compared to its average volume of 270,393. The company has a current ratio of 3.46, a quick ratio of 0.66 and a debt-to-equity ratio of 0.19. The Berkeley Group has a fifty-two week low of $8.48 and a fifty-two week high of $15.11. The business’s 50 day moving average is $9.68 and its 200 day moving average is $10.20.

The Berkeley Group Cuts Dividend

The business also recently declared a dividend, which was paid on Monday, April 14th. Stockholders of record on Monday, March 10th were paid a dividend of $0.0833 per share. The ex-dividend date of this dividend was Monday, March 10th.

About The Berkeley Group

The Berkeley Group Holdings plc, together with its subsidiaries, engages in the residential-led and mixed-use property development and ancillary activities in the United Kingdom. The company is involved in land selling activities. It operates under the Berkeley, St Edward, St George, St James, St Joseph, and St William brand names.