Vistry Group PLC (OTCMKTS:BVHMF) Sees Significant Decline in Short Interest

Vistry Group PLC (OTCMKTS:BVHMF) was the recipient of a large decline in short interest in the month of September. As of September 30th, there was short interest totaling 1,351,302 shares, a decline of 57.8% from the September 15th total of 3,201,439 shares. Based on an average daily trading volume, of 8,895 shares, the short-interest ratio is currently 151.9 days.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on BVHMF. Royal Bank Of Canada reiterated an “underperform” rating on shares of Vistry Group in a report on Thursday, October 1st. UBS Group started coverage on Vistry Group in a research note on Wednesday, September 9th. They set a “neutral” rating for the company. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold”.

Vistry Group Stock Performance

Shares of OTCMKTS BVHMF opened at $2.88 on Wednesday. Vistry Group has a fifty-two week low of $2.88 and a fifty-two week high of $10.39. The business has a 50 day moving average price of $3.61 and a two-hundred day moving average price of $3.78.

Vistry Group Company Profile

Vistry Group plc is a United Kingdom-based housebuilding and partnerships business. The company develops new homes for private sale and delivers affordable housing and mixed-tenure developments in collaboration with housing associations, local authorities and other public-sector partners.

Its operations include land acquisition, planning, construction and the sale or handover of residential properties. Vistry’s housebuilding activities have been associated with brands including Bovis Homes, Linden Homes and Countryside Homes, while its partnerships business focuses on large-scale regeneration projects and the delivery of affordable housing.

The group was created from Bovis Homes after the acquisition of Linden Homes and Galliford Try’s housing businesses, and adopted the Vistry name in 2019.