Short Interest in Rightmove plc (OTCMKTS:RTMVY) Expands By 43.8%

Rightmove plc (OTCMKTS:RTMVY) saw a large increase in short interest during the month of December. As of December 31st, there was short interest totaling 3,700 shares, an increase of 43.8% from the December 15th total of 2,573 shares. Based on an average daily trading volume, of 188,990 shares, the short-interest ratio is currently 0.0 days. Based on an average daily trading volume, of 188,990 shares, the short-interest ratio is currently 0.0 days.

Rightmove Trading Down 0.1%

OTCMKTS:RTMVY traded down $0.01 during trading hours on Friday, reaching $13.77. 162,717 shares of the stock were exchanged, compared to its average volume of 669,692. Rightmove has a 52 week low of $13.32 and a 52 week high of $22.15. The firm has a 50 day simple moving average of $14.06 and a 200-day simple moving average of $17.80.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Morgan Stanley lowered Rightmove from an “overweight” rating to an “underweight” rating in a research report on Friday, January 9th. Santander raised Rightmove to an “outperform” rating in a research report on Tuesday, November 11th. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold”.

Rightmove Company Profile

Rightmove plc is a leading online real estate portal headquartered in London, United Kingdom. Launched in April 2000, the company was created by a consortium of UK estate agents to provide a centralized platform for property listings. It has since grown to become the foremost digital marketplace for residential and commercial property in the UK, facilitating connections between buyers, sellers, landlords, tenants, and industry professionals.

The core offering of Rightmove is its property portal, which aggregates listings from estate agents, house builders and new homes developers.