Berkeley Group Holdings PLC Unsponsored ADR (OTCMKTS:BKGFY) Sees Large Decrease in Short Interest

Berkeley Group Holdings PLC Unsponsored ADR (OTCMKTS:BKGFY) was the target of a large decrease in short interest in February. As of February 13th, there was short interest totaling 50,885 shares, a decrease of 41.2% from the January 29th total of 86,593 shares. Based on an average daily volume of 146,056 shares, the short-interest ratio is presently 0.3 days. Currently, 0.0% of the shares of the stock are short sold. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 146,056 shares, the short-interest ratio is presently 0.3 days.

Berkeley Group Stock Performance

Shares of OTCMKTS BKGFY opened at $11.79 on Friday. The company’s 50 day moving average price is $11.30 and its 200-day moving average price is $10.59. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.65 and a current ratio of 3.54. Berkeley Group has a 52-week low of $9.03 and a 52-week high of $12.54.

Analyst Ratings Changes

BKGFY has been the topic of several research reports. Royal Bank Of Canada restated an “underperform” rating on shares of Berkeley Group in a report on Thursday, December 11th. Jefferies Financial Group raised shares of Berkeley Group from a “hold” rating to a “buy” rating in a report on Wednesday, December 3rd. Citigroup restated a “neutral” rating on shares of Berkeley Group in a research report on Tuesday, December 16th. Zacks Research upgraded shares of Berkeley Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, February 5th. Finally, The Goldman Sachs Group assumed coverage on Berkeley Group in a report on Monday, November 24th. They issued a “sell” rating for the company. Two analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, two have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold”.

Berkeley Group Company Profile

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.