Barratt Developments plc (OTCMKTS:BTDPY) Short Interest Update

Barratt Developments plc (OTCMKTS:BTDPY - Get Free Report) saw a significant drop in short interest in the month of March. As of March 15th, there was short interest totalling 100 shares, a drop of 50.0% from the February 28th total of 200 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 38,200 shares, the short-interest ratio is presently 0.0 days.

Analysts Set New Price Targets

Separately, Royal Bank of Canada raised Barratt Developments from a "hold" rating to a "moderate buy" rating in a research note on Monday, December 2nd.

Barratt Developments Stock Performance

BTDPY traded down $0.18 during midday trading on Tuesday, hitting $10.90. 26,186 shares of the company traded hands, compared to its average volume of 19,283. The business has a 50 day simple moving average of $11.08 and a two-hundred day simple moving average of $11.37. Barratt Developments has a 52-week low of $9.68 and a 52-week high of $14.85.

Barratt Developments Cuts Dividend

The business also recently declared a dividend, which will be paid on Monday, June 2nd. Investors of record on Friday, April 4th will be paid a $0.1416 dividend. The ex-dividend date of this dividend is Friday, April 4th.

Barratt Developments Company Profile

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.