Short Interest in Barratt Redrow plc. (OTCMKTS:BTDPY) Drops By 81.2%

Barratt Redrow plc. (OTCMKTS:BTDPY) was the recipient of a large decrease in short interest during the month of April. As of April 30th, there was short interest totaling 21,203 shares, a decrease of 81.2% from the April 15th total of 112,512 shares. Based on an average daily volume of 339,907 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the company are short sold.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Peel Hunt downgraded shares of Barratt Redrow from a “strong-buy” rating to a “moderate buy” rating in a research report on Monday, February 16th. Zacks Research upgraded shares of Barratt Redrow from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 14th. Finally, Royal Bank Of Canada upgraded shares of Barratt Redrow from a “hold” rating to a “moderate buy” rating in a research report on Wednesday, April 1st. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Barratt Redrow Price Performance

Shares of OTCMKTS BTDPY opened at $7.22 on Tuesday. Barratt Redrow has a 52 week low of $6.55 and a 52 week high of $13.18. The company’s 50-day moving average price is $7.40 and its 200 day moving average price is $9.30.

Barratt Redrow Company Profile

Barratt Redrow plc engages in the housebuilding business in the United Kingdom. The company acquires and develops land; plans, designs, and constructs homes, apartments, penthouses, and communities, as well as undertakes mixed-use regeneration schemes; and develops retail, leisure, office, industrial, and mixed-use properties. It is also involved in the commercial development business under the Wilson Bowden Developments brand name. The company offers its homes under the Barratt Homes, David Wilson Homes, and Barratt London brands.