Barratt Redrow plc. (OTCMKTS:BTDPY) Short Interest Update

Barratt Redrow plc. (OTCMKTS:BTDPY) was the recipient of a significant increase in short interest in the month of May. As of May 15th, there was short interest totaling 286,845 shares, an increase of 1,252.9% from the April 30th total of 21,203 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average trading volume of 396,817 shares, the short-interest ratio is presently 0.7 days.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Royal Bank Of Canada raised Barratt Redrow from a “hold” rating to a “moderate buy” rating in a report on Wednesday, April 1st. Barclays lowered Barratt Redrow from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 19th. Peel Hunt lowered Barratt Redrow from a “strong-buy” rating to a “moderate buy” rating in a report on Monday, February 16th. Finally, Zacks Research raised Barratt Redrow from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 14th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy”.

Barratt Redrow Stock Performance

BTDPY opened at $7.18 on Thursday. The business has a 50 day moving average price of $7.02 and a 200 day moving average price of $9.00. Barratt Redrow has a twelve month low of $6.47 and a twelve month high of $13.18.

About Barratt Redrow

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. It is also involved in the commercial development business under the Wilson Bowden Developments brand name. The company offers its homes under the Barratt Homes, David Wilson Homes, and Barratt London brands.