Barratt Developments plc (OTCMKTS:BTDPY - Get Free Report) saw a significant drop in short interest in the month of September. As of September 30th, there was short interest totalling 1,000 shares, a drop of 77.8% from the September 15th total of 4,500 shares. Based on an average daily volume of 7,900 shares, the short-interest ratio is currently 0.1 days.
Analyst Upgrades and Downgrades
Separately, Citigroup raised shares of Barratt Developments to a "strong-buy" rating in a research note on Thursday, September 5th.
Check Out Our Latest Analysis on Barratt Developments
Barratt Developments Stock Performance
OTCMKTS:BTDPY traded down $0.34 during trading hours on Thursday, reaching $11.73. 36,719 shares of the company were exchanged, compared to its average volume of 8,443. Barratt Developments has a 52-week low of $9.45 and a 52-week high of $14.85. The stock has a 50 day simple moving average of $13.27 and a 200 day simple moving average of $12.64.
Barratt Developments Increases Dividend
The business also recently declared a dividend, which will be paid on Monday, November 18th. Shareholders of record on Friday, September 27th will be paid a dividend of $0.2582 per share. The ex-dividend date is Friday, September 27th. This is an increase from Barratt Developments's previous dividend of $0.10.
Barratt Developments Company Profile
(
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Barratt Developments 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.
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