Barratt Redrow plc. (OTCMKTS:BTDPY) Stock Short Interest Drops 55.5%

Barratt Redrow plc. (OTCMKTS:BTDPY) was the recipient of a significant drop in short interest during the month of October. As of October 15th, there was short interest totaling 9,790 shares, a drop of 55.5% from the September 30th total of 22,022 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 24,780 shares, the short-interest ratio is presently 0.4 days.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. UBS Group started coverage on shares of Barratt Redrow in a report on Wednesday, September 9th. They issued a “buy” rating on the stock. Peel Hunt cut shares of Barratt Redrow from a “moderate buy” rating to a “hold” rating in a research note on Monday, September 21st. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Barratt Redrow Stock Up 1.3%

OTCMKTS:BTDPY opened at $8.61 on Friday. Barratt Redrow has a 1 year low of $6.38 and a 1 year high of $11.24. The stock’s 50 day simple moving average is $8.26 and its two-hundred day simple moving average is $8.13.

Barratt Redrow Company Profile

Barratt Redrow plc is a United Kingdom-based residential property developer created through the combination of Barratt Developments and Redrow. The company builds and sells new homes for a range of buyers, including first-time purchasers, families and customers seeking higher-specification properties.

The group operates through established brands including Barratt Homes, David Wilson Homes, Barratt London and Redrow. Its activities generally include land acquisition, residential planning and design, construction, marketing and the sale of houses and apartments.