Short Interest in Barratt Developments plc (OTCMKTS:BTDPY) Declines By 50.0%

Barratt Developments plc (OTCMKTS:BTDPY) was the recipient of a significant drop in short interest during the month of March. As of March 15th, there was short interest totalling 100 shares, a drop of 50.0% from the February 28th total of 200 shares. Based on an average trading volume of 38,200 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the company’s shares are sold short.

Barratt Developments Stock Performance

Shares of BTDPY opened at $11.15 on Friday. The business has a 50-day moving average of $11.07 and a 200-day moving average of $11.40. Barratt Developments has a 1 year low of $9.68 and a 1 year high of $14.85.

Barratt Developments Cuts Dividend

The company also recently announced a dividend, which will be paid on Monday, June 2nd. Shareholders of record on Friday, April 4th will be given a dividend of $0.1416 per share. The ex-dividend date of this dividend is Friday, April 4th.

Analyst Upgrades and Downgrades

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

About Barratt Developments

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.