Short Interest in Rightmove plc (OTCMKTS:RTMVY) Rises By 859.2%

Rightmove plc (OTCMKTS:RTMVY) was the recipient of a large growth in short interest in March. As of March 13th, there was short interest totaling 25,006 shares, a growth of 859.2% from the February 26th total of 2,607 shares. Based on an average daily volume of 92,631 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily volume of 92,631 shares, the days-to-cover ratio is currently 0.3 days.

Analysts Set New Price Targets

Separately, Morgan Stanley lowered Rightmove from an “overweight” rating to an “underweight” rating in a research report on Friday, January 9th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Rightmove Stock Down 2.3%

RTMVY stock traded down $0.26 during midday trading on Tuesday, reaching $11.17. 24,095 shares of the company were exchanged, compared to its average volume of 327,830. Rightmove has a 1-year low of $11.08 and a 1-year high of $22.15. The stock’s 50-day simple moving average is $12.34 and its 200 day simple moving average is $14.88.

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.