Barratt Redrow plc. (OTCMKTS:BTDPY) Short Interest Up 1,252.9% in May

Barratt Redrow plc. (OTCMKTS:BTDPY) was the recipient of a large growth in short interest in the month of May. As of May 15th, there was short interest totaling 286,845 shares, a growth of 1,252.9% from the April 30th total of 21,203 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 396,817 shares, the days-to-cover ratio is currently 0.7 days.

Wall Street Analysts Forecast Growth

BTDPY has been the subject of a number of analyst reports. Peel Hunt downgraded shares of Barratt Redrow from a “strong-buy” rating to a “moderate buy” rating in a report on Monday, February 16th. Royal Bank Of Canada raised shares of Barratt Redrow from a “hold” rating to a “moderate buy” rating in a research report on Wednesday, April 1st. Zacks Research upgraded shares of Barratt Redrow from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 14th. Finally, Barclays downgraded Barratt Redrow from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 19th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Barratt Redrow Price Performance

OTCMKTS:BTDPY traded up $0.13 on Wednesday, reaching $7.18. The stock had a trading volume of 146,246 shares, compared to its average volume of 190,170. Barratt Redrow has a 1-year low of $6.47 and a 1-year high of $13.18. The stock has a fifty day moving average price of $7.02 and a 200-day moving average price of $9.00.

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.