UNITE Group PLC (OTCMKTS:UTGPF) Sees Large Decrease in Short Interest

UNITE Group PLC (OTCMKTS:UTGPF) saw a significant decline in short interest during the month of June. As of June 30th, there was short interest totaling 199,036 shares, a decline of 46.6% from the June 15th total of 372,639 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average trading volume of 943 shares, the days-to-cover ratio is currently 211.1 days.

UNITE Group Price Performance

Shares of OTCMKTS UTGPF opened at $6.35 on Friday. UNITE Group has a fifty-two week low of $6.08 and a fifty-two week high of $11.90. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.75 and a current ratio of 0.75. The company’s 50 day simple moving average is $6.35 and its 200 day simple moving average is $6.79.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Zacks Research upgraded UNITE Group to a “hold” rating in a report on Tuesday, April 14th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of UNITE Group in a report on Thursday, July 9th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

UNITE Group Company Profile

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.