UNITE Group PLC (OTCMKTS:UTGPF) Short Interest Up 1,562.6% in April

UNITE Group PLC (OTCMKTS:UTGPF) was the target of a large growth in short interest in April. As of April 30th, there was short interest totaling 327,782 shares, a growth of 1,562.6% from the April 15th total of 19,715 shares. Based on an average daily trading volume, of 1,774 shares, the short-interest ratio is presently 184.8 days. Currently, 0.1% of the company’s stock are sold short.

Wall Street Analyst Weigh In

A number of analysts recently commented on UTGPF shares. Barclays cut shares of UNITE Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 17th. Zacks Research upgraded shares of UNITE Group to a “hold” rating in a research note on Tuesday, April 14th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, UNITE Group presently has an average rating of “Moderate Buy”.

UNITE Group Stock Performance

OTCMKTS UTGPF remained flat at $6.35 on Monday. The stock has a 50 day moving average price of $6.35 and a 200 day moving average price of $7.11. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.27. UNITE Group has a 1-year low of $6.08 and a 1-year high of $11.90.

UNITE Group Company Profile

Unite Students is the UK's largest owner, manager and developer of purpose-built student accommodation serving the country's world-leading Higher Education sector. Following our successful £1.4bn acquisition of Liberty Living's UK assets in November 2019, we now provide homes to 76,000 students across 177 properties in 27 leading university towns and cities. Our people are driven by a common purpose: to provide a 'Home for Success' for the students who live with us and to be the most trusted brand in the sector.