Barratt Developments plc (OTCMKTS:BTDPY) Sees Large Drop in Short Interest

Barratt Developments plc (OTCMKTS:BTDPY) saw a large decline in short interest in February. As of February 28th, there was short interest totalling 200 shares, a decline of 96.4% from the February 13th total of 5,500 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily volume of 19,500 shares, the short-interest ratio is presently 0.0 days.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada upgraded Barratt Developments from a “hold” rating to a “moderate buy” rating in a research report on Monday, December 2nd.

Barratt Developments Stock Performance

Shares of OTCMKTS BTDPY traded up $0.21 during trading on Wednesday, reaching $11.28. 11,815 shares of the company traded hands, compared to its average volume of 19,866. The firm’s fifty day simple moving average is $10.89 and its 200 day simple moving average is $11.59. Barratt Developments has a 12-month low of $9.68 and a 12-month high of $14.85.

Barratt Developments Cuts Dividend

The firm also recently declared a dividend, which will be paid on Monday, June 2nd. Stockholders of record on Friday, April 4th will be given a dividend of $0.1416 per share. The ex-dividend date is Friday, April 4th.

About Barratt Developments

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.