Short Interest in Rightmove plc (OTCMKTS:RTMVY) Expands By 326.3%

Rightmove plc (OTCMKTS:RTMVY) saw a significant growth in short interest during the month of February. As of February 13th, there was short interest totaling 2,950 shares, a growth of 326.3% from the January 29th total of 692 shares. Based on an average trading volume of 715,246 shares, the days-to-cover ratio is currently 0.0 days. Based on an average trading volume of 715,246 shares, the days-to-cover ratio is currently 0.0 days.

Analyst Upgrades and Downgrades

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

Rightmove Stock Down 0.1%

Shares of RTMVY opened at $11.20 on Thursday. Rightmove has a twelve month low of $11.12 and a twelve month high of $22.15. The stock’s 50 day moving average is $13.08 and its two-hundred day moving average is $16.06.

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.