Short Interest in UNITE Group PLC (OTCMKTS:UTGPF) Declines By 82.7%

UNITE Group PLC (OTCMKTS:UTGPF) was the recipient of a significant drop in short interest in July. As of July 31st, there was short interest totaling 68,520 shares, a drop of 82.7% from the July 15th total of 394,929 shares. Based on an average daily trading volume, of 24 shares, the short-interest ratio is currently 2,855.0 days. Currently, 0.0% of the shares of the stock are short sold.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on UTGPF shares. Oddo Bhf downgraded UNITE Group to a “neutral” rating in a report on Tuesday, August 4th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of UNITE Group in a report on Thursday, July 9th. Finally, Citigroup downgraded UNITE Group from an “overweight” rating to a “hold” rating in a research report on Monday, August 3rd. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

UNITE Group Stock Performance

OTCMKTS:UTGPF opened at $6.35 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 fifty-two week low of $6.08 and a fifty-two week high of $11.90. The company has a 50 day simple moving average of $6.35 and a two-hundred day simple moving average of $6.62.

About UNITE Group

Unite Students is the UK's largest owner, manager and developer of purpose-built student accommodation serving the country's world-leading Higher Education sector. Following our successful £1.4bn acquisition of Liberty Living's UK assets in November 2019, we now provide homes to 76,000 students across 177 properties in 27 leading university towns and cities. Our people are driven by a common purpose: to provide a 'Home for Success' for the students who live with us and to be the most trusted brand in the sector.