Berkeley Group Holdings PLC Unsponsored ADR (OTCMKTS:BKGFY) Shares Shorted: Short Interest Down 93.4% in October

Berkeley Group Holdings PLC Unsponsored ADR (OTCMKTS:BKGFY) was the target of a large decline in short interest in the month of October. As of October 15th, there was short interest totaling 1,172 shares, a decline of 93.4% from the September 30th total of 17,822 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 126,718 shares, the days-to-cover ratio is presently 0.0 days.

Analysts Set New Price Targets

Separately, Kepler Capital Markets downgraded Berkeley Group from a “hold” rating to a “strong sell” rating in a research note on Thursday, July 2nd. Two analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold”.

Berkeley Group Stock Down 0.7%

OTCMKTS:BKGFY opened at $9.30 on Tuesday. Berkeley Group has a twelve month low of $8.09 and a twelve month high of $12.54. The stock has a fifty day simple moving average of $9.06 and a 200-day simple moving average of $9.65. The company has a current ratio of 3.58, a quick ratio of 0.70 and a debt-to-equity ratio of 0.18.

Berkeley Group Company Profile

Berkeley Group Holdings plc is a United Kingdom-based residential property developer that operates through Berkeley Homes and related businesses. The company designs and builds new homes, including apartments, family houses and affordable housing, for private buyers, housing associations and institutional partners.

The group is also involved in large-scale urban regeneration and mixed-use development projects. These projects can include residential communities alongside retail, commercial, community and public spaces, as well as improvements to infrastructure and the surrounding environment.