UNITE Group PLC (OTCMKTS:UTGPF) Sees Large Drop in Short Interest

UNITE Group PLC (OTCMKTS:UTGPF) saw a significant decline in short interest in the month of June. As of June 30th, there was short interest totaling 199,036 shares, a decline of 46.6% from the June 15th total of 372,639 shares. Based on an average trading volume of 943 shares, the days-to-cover ratio is currently 211.1 days. Approximately 0.0% of the shares of the company are short sold.

UNITE Group Price Performance

OTCMKTS:UTGPF opened at $6.35 on Wednesday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.75 and a current ratio of 0.75. UNITE Group has a 52 week low of $6.08 and a 52 week high of $11.90. The stock’s 50-day moving average price is $6.35 and its 200-day moving average price is $6.81.

Analysts Set New Price Targets

Several research firms have commented on UTGPF. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of UNITE Group in a research report on Thursday, July 9th. Barclays cut shares of UNITE Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 17th. Finally, Zacks Research raised shares of UNITE Group to a “hold” rating in a report on Tuesday, April 14th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy”.

About UNITE Group

Unite Students is the UK's largest owner, manager and developer of purpose-built student accommodation serving the country's world-leading Higher Education sector. Following our successful £1.4bn acquisition of Liberty Living's UK assets in November 2019, we now provide homes to 76,000 students across 177 properties in 27 leading university towns and cities. Our people are driven by a common purpose: to provide a 'Home for Success' for the students who live with us and to be the most trusted brand in the sector.