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

Barratt Developments plc (OTCMKTS:BTDPY - Get Free Report) saw a significant drop in short interest in October. As of October 15th, there was short interest totalling 800 shares, a drop of 20.0% from the September 30th total of 1,000 shares. Based on an average daily trading volume, of 21,500 shares, the short-interest ratio is presently 0.0 days.

Analyst Ratings Changes

Separately, Citigroup raised Barratt Developments to a "strong-buy" rating in a research note on Thursday, September 5th.

Barratt Developments Stock Up 2.7 %

OTCMKTS BTDPY traded up $0.33 during trading hours on Monday, hitting $12.44. The company had a trading volume of 4,963 shares, compared to its average volume of 8,324. The firm's 50 day moving average is $13.01 and its 200 day moving average is $12.68. Barratt Developments has a fifty-two week low of $9.92 and a fifty-two week high of $14.85.

Barratt Developments Increases Dividend

The company also recently announced a dividend, which will be paid on Monday, November 18th. Stockholders of record on Friday, September 27th will be paid a $0.2582 dividend. The ex-dividend date of this dividend is Friday, September 27th. This is an increase from Barratt Developments's previous dividend of $0.10.

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.

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