UNITE Group PLC (OTCMKTS:UTGPF) Short Interest Up 98.4% in July

UNITE Group PLC (OTCMKTS:UTGPF) saw a large growth in short interest in July. As of July 15th, there was short interest totaling 394,929 shares, a growth of 98.4% from the June 30th total of 199,036 shares. Based on an average daily volume of 2,934 shares, the short-interest ratio is currently 134.6 days. Approximately 0.1% of the company’s shares are short sold.

UNITE Group Stock Performance

OTCMKTS UTGPF opened at $6.35 on Thursday. UNITE Group has a fifty-two week low of $6.08 and a fifty-two week high of $11.90. The stock has a 50 day simple moving average of $6.35 and a two-hundred day simple moving average of $6.72. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.27.

Analyst Upgrades and Downgrades

UTGPF has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of UNITE Group in a research note on Thursday, July 9th. Zacks Research raised shares of UNITE Group to a “hold” rating in a research note on Tuesday, April 14th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

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.