Berkeley Group Holdings PLC Unsponsored ADR (OTCMKTS:BKGFY) Sees Significant Drop in Short Interest

Berkeley Group Holdings PLC Unsponsored ADR (OTCMKTS:BKGFY) saw a significant drop in short interest in July. As of July 15th, there was short interest totaling 49,711 shares, a drop of 33.2% from the June 30th total of 74,405 shares. Based on an average daily trading volume, of 167,758 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.0% of the shares of the company are sold short.

Berkeley Group Stock Down 1.4%

BKGFY opened at $9.47 on Friday. Berkeley Group has a fifty-two week low of $8.09 and a fifty-two week high of $12.54. The company’s 50-day moving average is $9.21 and its 200 day moving average is $9.82. The company has a debt-to-equity ratio of 0.18, a current ratio of 3.58 and a quick ratio of 0.70.

Analysts Set New Price Targets

Several equities analysts have commented on BKGFY shares. Berenberg Bank lowered shares of Berkeley Group from a “strong-buy” rating to a “hold” rating in a report on Friday, June 26th. Zacks Research raised Berkeley Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, June 9th. Kepler Capital Markets cut shares of Berkeley Group from a “hold” rating to a “strong sell” rating in a research note on Thursday, July 2nd. Finally, Royal Bank Of Canada reissued an “outperform” rating on shares of Berkeley Group in a research report on Thursday, June 25th. Two research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Berkeley Group presently has a consensus rating of “Hold”.

About Berkeley Group

Berkeley Group Holdings plc is a leading UK residential property developer specializing in urban regeneration and new-build communities. Founded in 1976 by Tony Pidgley, the company has built a reputation for delivering high-quality homes in London and the surrounding regions. Its core operations encompass land acquisition, planning, design, construction and sales, with an emphasis on creating mixed-use neighborhoods that integrate housing, public spaces and community amenities.

Over the decades, Berkeley Group has completed numerous landmark projects, including large-scale schemes at Kidbrooke Village, Royal Arsenal Riverside and Elephant Park in east London.