Barratt Developments plc (OTCMKTS:BTDPY) Short Interest Down 13.0% in December

Barratt Developments plc (OTCMKTS:BTDPY) saw a large decrease in short interest in December. As of December 31st, there was short interest totalling 42,300 shares, a decrease of 13.0% from the December 15th total of 48,600 shares. Based on an average daily trading volume, of 58,200 shares, the days-to-cover ratio is presently 0.7 days.

Barratt Developments Stock Down 0.6 %

Shares of BTDPY stock opened at $10.44 on Friday. Barratt Developments has a fifty-two week low of $9.68 and a fifty-two week high of $14.85. The stock’s 50-day moving average is $10.79 and its two-hundred day moving average is $12.16.

Analysts Set New Price Targets

Separately, Royal Bank of Canada upgraded shares of Barratt Developments from a “hold” rating to a “moderate buy” rating in a report on Monday, December 2nd.

Barratt Developments Company Profile

Barratt Redrow plc engages in the housebuilding business in the United Kingdom. The company acquires and develops land; plans, designs, and constructs homes, apartments, penthouses, and communities, as well as undertakes mixed-use regeneration schemes; and develops retail, leisure, office, industrial, and mixed-use properties.