UNITE Group PLC (OTCMKTS:UTGPF – Get Free Report) was the recipient of a large increase in short interest in August. As of August 14th, there was short interest totaling 383,742 shares, an increase of 460.0% from the July 30th total of 68,520 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 2,800 shares, the days-to-cover ratio is presently 137.1 days.
UNITE Group Stock Performance
UTGPF stock opened at $6.35 on Wednesday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.75 and a current ratio of 0.75. UNITE Group has a 52-week low of $6.08 and a 52-week high of $11.90. The stock’s fifty day simple moving average is $6.35 and its 200-day simple moving average is $6.53.
Analyst Ratings Changes
A number of research firms have issued reports on UTGPF. Citigroup lowered shares of UNITE Group from an “overweight” rating to a “hold” rating in a report on Monday, August 3rd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of UNITE Group in a report on Thursday, July 9th. Barclays lowered shares of UNITE Group from a “hold” rating to a “strong sell” rating in a research report on Monday. Finally, Oddo Bhf downgraded shares of UNITE Group to a “neutral” rating in a research note on Tuesday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold”.
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.
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