Berkeley Group Holdings PLC Unsponsored ADR (OTCMKTS:BKGFY) Short Interest Update

Berkeley Group Holdings PLC Unsponsored ADR (OTCMKTS:BKGFY) saw a significant drop in short interest in the month of September. As of September 15th, there was short interest totaling 25,741 shares, a drop of 47.2% from the August 31st total of 48,787 shares. Based on an average trading volume of 164,573 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.0% of the shares of the stock are short sold.

Berkeley Group Trading Down 0.2%

Shares of BKGFY opened at $8.92 on Wednesday. Berkeley Group has a 12-month low of $8.09 and a 12-month high of $12.54. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.70 and a current ratio of 3.58. The company has a 50-day moving average of $9.36 and a two-hundred day moving average of $9.21.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on BKGFY. Zacks Research raised shares of Berkeley Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, June 9th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Berkeley Group in a research note on Thursday, June 25th. Berenberg Bank downgraded shares of Berkeley Group from a “strong-buy” rating to a “hold” rating in a report on Friday, June 26th. Finally, Kepler Capital Markets lowered shares of Berkeley Group from a “hold” rating to a “strong sell” rating in a research report on Thursday, July 2nd. Two equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Berkeley Group Company Profile

The Berkeley Group Holdings plc, operating as Berkeley, is a United Kingdom-based residential property developer. The company acquires land, secures planning approvals and develops homes and mixed-use communities, with projects ranging from private housing to affordable housing and purpose-built student accommodation.

Berkeley serves customers primarily in London, the surrounding South East of England and selected parts of the South West. Its developments commonly include apartments and houses alongside public spaces, community facilities, retail areas and other infrastructure.