Short Interest in Berkeley Group Holdings PLC Unsponsored ADR (OTCMKTS:BKGFY) Increases By 57.2%

Berkeley Group Holdings PLC Unsponsored ADR (OTCMKTS:BKGFY) was the target of a significant increase in short interest in July. As of July 31st, there was short interest totaling 78,143 shares, an increase of 57.2% from the July 15th total of 49,711 shares. Based on an average trading volume of 116,560 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.0% of the company’s stock are sold short.

Berkeley Group Stock Performance

Shares of BKGFY stock opened at $9.56 on Wednesday. The company has a quick ratio of 0.70, a current ratio of 3.58 and a debt-to-equity ratio of 0.18. Berkeley Group has a one year low of $8.09 and a one year high of $12.54. The company’s 50-day simple moving average is $9.35 and its 200-day simple moving average is $9.71.

Wall Street Analysts Forecast Growth

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

Berkeley Group Company Profile

Berkeley Group Holdings plc is a leading UK residential property developer specializing in urban regeneration and new-build communities. Founded in 1976 by Tony Pidgley, the company has built a reputation for delivering high-quality homes in London and the surrounding regions. Its core operations encompass land acquisition, planning, design, construction and sales, with an emphasis on creating mixed-use neighborhoods that integrate housing, public spaces and community amenities.

Over the decades, Berkeley Group has completed numerous landmark projects, including large-scale schemes at Kidbrooke Village, Royal Arsenal Riverside and Elephant Park in east London.