UNITE Group PLC (OTCMKTS:UTGPF) Shares Shorted: Short Interest Up 65.2% in September

UNITE Group PLC (OTCMKTS:UTGPF) was the target of a large growth in short interest in the month of September. As of September 15th, there was short interest totaling 861,871 shares, a growth of 65.2% from the August 31st total of 521,779 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average daily volume of 2,750 shares, the short-interest ratio is currently 313.4 days.

UNITE Group Price Performance

UTGPF opened at $6.65 on Thursday. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.75 and a quick ratio of 0.75. UNITE Group has a 52-week low of $6.65 and a 52-week high of $6.69. The stock’s 50 day moving average price is $6.46 and its 200-day moving average price is $6.37.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of UNITE Group in a report on Thursday, July 9th. Citigroup lowered shares of UNITE Group from an “overweight” rating to a “hold” rating in a report on Monday, August 3rd. Barclays cut shares of UNITE Group from a “hold” rating to a “strong sell” rating in a research report on Monday, August 24th. Finally, Oddo Bhf lowered shares of UNITE Group to a “neutral” rating in a report on Tuesday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, UNITE Group currently has a consensus rating of “Hold”.

About UNITE Group

UNITE Group plc, operating as Unite Students, is a United Kingdom-based company specializing in student accommodation. It develops, owns and manages purpose-built student housing, providing furnished rooms, shared facilities and support services for university students.

The company serves students across major university cities in the United Kingdom. Its accommodation is offered through properties located near universities and transport links, with services covering the marketing, letting and day-to-day management of student residences.

Founded in Bristol in 1991, Unite Group has grown into one of the UK’s prominent providers of purpose-built student accommodation.