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

Berkeley Group Holdings PLC Unsponsored ADR (OTCMKTS:BKGFYGet Free Report) saw a significant increase in short interest during the month of April. As of April 15th, there was short interest totaling 16,170 shares, an increase of 62.8% from the March 31st total of 9,932 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 560,025 shares, the days-to-cover ratio is presently 0.0 days.

Analysts Set New Price Targets

BKGFY has been the topic of several research analyst reports. Royal Bank Of Canada raised Berkeley Group from a “strong sell” rating to a “hold” rating in a research report on Wednesday, April 1st. Zacks Research downgraded Berkeley Group from a “strong-buy” rating to a “hold” rating in a report on Monday, April 6th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Berkeley Group currently has an average rating of “Hold”.

Get Our Latest Stock Report on BKGFY

Berkeley Group Stock Performance

OTCMKTS:BKGFY opened at $8.95 on Monday. Berkeley Group has a 1 year low of $8.09 and a 1 year high of $12.54. The firm has a 50 day moving average of $10.03 and a 200-day moving average of $10.46. The company has a current ratio of 3.54, a quick ratio of 0.65 and a debt-to-equity ratio of 0.19.

About Berkeley Group

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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.

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