Short Interest in Barratt Developments plc (OTCMKTS:BTDPY) Drops By 53.4%

Barratt Developments plc (OTCMKTS:BTDPYGet Rating) saw a large decrease in short interest in the month of April. As of April 30th, there was short interest totalling 23,200 shares, a decrease of 53.4% from the April 15th total of 49,800 shares. Based on an average daily volume of 134,500 shares, the days-to-cover ratio is currently 0.2 days.

BTDPY stock traded up $0.13 on Friday, reaching $11.83. 29,862 shares of the company’s stock were exchanged, compared to its average volume of 57,115. The stock has a fifty day moving average of $13.54 and a 200-day moving average of $16.49. Barratt Developments has a twelve month low of $11.21 and a twelve month high of $22.08.

The company also recently announced a dividend, which will be paid on Thursday, June 2nd. Shareholders of record on Friday, April 8th will be given a dividend of $0.2569 per share. The ex-dividend date of this dividend is Thursday, April 7th. This represents a yield of 5.77%.

BTDPY has been the topic of a number of recent analyst reports. Morgan Stanley dropped their price objective on shares of Barratt Developments from GBX 800 ($9.86) to GBX 780 ($9.62) in a research report on Friday, January 21st. JPMorgan Chase & Co. reduced their price target on shares of Barratt Developments from GBX 710 ($8.75) to GBX 650 ($8.01) in a research report on Friday, May 6th. Deutsche Bank Aktiengesellschaft dropped their price objective on Barratt Developments from GBX 862 ($10.63) to GBX 834 ($10.28) in a report on Monday, May 9th. Zacks Investment Research raised Barratt Developments from a “sell” rating to a “hold” rating in a report on Tuesday, April 26th. Finally, Jefferies Financial Group lowered Barratt Developments from a “buy” rating to a “hold” rating in a research report on Monday, January 24th. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, Barratt Developments presently has an average rating of “Buy” and a consensus target price of $569.75.

Barratt Developments Company Profile (Get Rating)

Barratt Developments plc engages in the housebuilding and commercial development businesses in Great Britain. It acquires and develops land; plans, designs, and constructs homes, apartments, penthouses, and communities; and retail, leisure, office, industrial, and mixed-use properties. The company offers homes under the Barratt Homes, David Wilson Homes, and Barratt London brands.

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