Travis Perkins plc (OTCMKTS:TPRKY) Short Interest Update

Travis Perkins plc (OTCMKTS:TPRKY - Get Free Report) was the target of a significant increase in short interest during the month of April. As of April 15th, there was short interest totalling 6,000 shares, an increase of 650.0% from the March 31st total of 800 shares. Approximately 0.0% of the company's stock are sold short. Based on an average daily trading volume, of 37,700 shares, the days-to-cover ratio is currently 0.2 days.

Analysts Set New Price Targets

Separately, Peel Hunt upgraded shares of Travis Perkins from a "moderate buy" rating to a "strong-buy" rating in a research note on Thursday, April 3rd.

Travis Perkins Stock Down 5.4 %

Travis Perkins stock traded down $0.39 during trading on Friday, reaching $6.89. The company had a trading volume of 1,928 shares, compared to its average volume of 7,863. The firm's 50-day simple moving average is $7.44 and its 200 day simple moving average is $8.89. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.65 and a quick ratio of 0.98. Travis Perkins has a 1-year low of $6.31 and a 1-year high of $13.00.

Travis Perkins Increases Dividend

The firm also recently announced a dividend, which will be paid on Thursday, June 5th. Stockholders of record on Wednesday, April 23rd will be given a $0.1165 dividend. This represents a dividend yield of 2.65%. This is a boost from Travis Perkins's previous dividend of $0.07. The ex-dividend date is Tuesday, April 22nd.

Travis Perkins Company Profile

Travis Perkins plc engages in distribution of building material products in the United Kingdom. It operates through Merchanting and Toolstation segments. The company offers tools and building supplies. It also distributes pipeline products, as well as supplies managed services, and commercial and industrial heating and cooling solutions.

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