The Berkeley Group Holdings plc (OTCMKTS:BKGFY) Short Interest Down 50.9% in March

The Berkeley Group Holdings plc (OTCMKTS:BKGFY - Get Free Report) was the target of a large drop in short interest in the month of March. As of March 31st, there was short interest totalling 38,600 shares, a drop of 50.9% from the March 15th total of 78,600 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 333,500 shares, the days-to-cover ratio is currently 0.1 days.

The Berkeley Group Stock Down 0.9 %

Shares of The Berkeley Group stock traded down $0.10 during mid-day trading on Monday, reaching $10.54. 121,375 shares of the stock were exchanged, compared to its average volume of 277,094. The Berkeley Group has a fifty-two week low of $8.48 and a fifty-two week high of $15.11. The company has a current ratio of 3.46, a quick ratio of 0.66 and a debt-to-equity ratio of 0.19. The firm has a 50-day simple moving average of $9.58 and a 200 day simple moving average of $10.24.

The Berkeley Group Cuts Dividend

The company also recently announced a dividend, which was paid on Monday, April 14th. Stockholders of record on Monday, March 10th were paid a $0.0833 dividend. The ex-dividend date was Monday, March 10th.

Analyst Ratings Changes

Separately, Barclays upgraded The Berkeley Group from a "hold" rating to a "strong-buy" rating in a research note on Monday, January 6th.

About The Berkeley Group

The Berkeley Group Holdings plc, together with its subsidiaries, engages in the residential-led and mixed-use property development and ancillary activities in the United Kingdom. The company is involved in land selling activities. It operates under the Berkeley, St Edward, St George, St James, St Joseph, and St William brand names.