Barratt Redrow plc. (OTCMKTS:BTDPY) Short Interest Update

Barratt Redrow plc. (OTCMKTS:BTDPY) was the recipient of a large growth in short interest in the month of June. As of June 30th, there was short interest totaling 25,025 shares, a growth of ∞ from the June 15th total of 0 shares. Based on an average daily volume of 381,717 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are short sold.

Barratt Redrow Trading Up 5.3%

Shares of BTDPY stock opened at $7.75 on Thursday. The firm’s fifty day moving average price is $7.05 and its two-hundred day moving average price is $8.27. Barratt Redrow has a 1 year low of $6.38 and a 1 year high of $11.24.

Analysts Set New Price Targets

BTDPY has been the subject of several recent research reports. Royal Bank Of Canada raised Barratt Redrow from a “hold” rating to a “moderate buy” rating in a research report on Wednesday, April 1st. Barclays cut Barratt Redrow from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 19th. Berenberg Bank raised Barratt Redrow from a “hold” rating to a “strong-buy” rating in a research report on Friday, June 26th. Finally, Zacks Research raised shares of Barratt Redrow from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 14th. Two analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

About Barratt Redrow

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.