Rightmove plc (OTCMKTS:RTMVY) Sees Significant Growth in Short Interest

Rightmove plc (OTCMKTS:RTMVY) saw a large growth in short interest during the month of January. As of January 15th, there was short interest totaling 27,219 shares, a growth of 635.6% from the December 31st total of 3,700 shares. Based on an average daily volume of 904,792 shares, the days-to-cover ratio is currently 0.0 days. Based on an average daily volume of 904,792 shares, the days-to-cover ratio is currently 0.0 days.

Rightmove Stock Up 1.7%

Shares of Rightmove stock traded up $0.23 during trading on Tuesday, reaching $13.95. The company’s stock had a trading volume of 988,839 shares, compared to its average volume of 573,458. The business has a 50 day moving average price of $13.92 and a 200-day moving average price of $17.38. Rightmove has a 12-month low of $13.20 and a 12-month high of $22.15.

Wall Street Analyst Weigh In

Several research firms have recently commented on RTMVY. Morgan Stanley cut Rightmove from an “overweight” rating to an “underweight” rating in a research note on Friday, January 9th. Santander upgraded shares of Rightmove to an “outperform” rating in a research report on Tuesday, November 11th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold”.

About Rightmove

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.