Barratt Redrow plc. (OTCMKTS:BTDPY – Get Free Report) was the recipient of a large decrease in short interest during the month of October. As of October 15th, there was short interest totaling 9,790 shares, a decrease of 55.5% from the September 30th total of 22,022 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 24,780 shares, the days-to-cover ratio is currently 0.4 days.
Wall Street Analyst Weigh In
A number of equities analysts recently weighed in on BTDPY shares. UBS Group began coverage on shares of Barratt Redrow in a research report on Wednesday, September 9th. They set a “buy” rating for the company. Peel Hunt downgraded Barratt Redrow from a “moderate buy” rating to a “hold” rating in a research note on Monday, September 21st. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy”.
Check Out Our Latest Stock Report on BTDPY
Barratt Redrow Stock Performance
Shares of OTCMKTS:BTDPY traded up $0.13 during trading on Friday, reaching $8.63. The stock had a trading volume of 195 shares, compared to its average volume of 123,389. Barratt Redrow has a fifty-two week low of $6.38 and a fifty-two week high of $11.24. The business has a fifty day moving average price of $8.25 and a 200-day moving average price of $8.14.
About Barratt Redrow
Barratt Redrow plc is a United Kingdom-based residential property developer created through the combination of Barratt Developments and Redrow. The company builds and sells new homes for a range of buyers, including first-time purchasers, families and customers seeking higher-specification properties.
The group operates through established brands including Barratt Homes, David Wilson Homes, Barratt London and Redrow. Its activities generally include land acquisition, residential planning and design, construction, marketing and the sale of houses and apartments.
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