Berkeley Group Holdings PLC Unsponsored ADR (OTCMKTS:BKGFY) Short Interest Up 57.2% in July

Berkeley Group Holdings PLC Unsponsored ADR (OTCMKTS:BKGFY) saw a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 78,143 shares, an increase of 57.2% from the July 15th total of 49,711 shares. Based on an average daily trading volume, of 116,560 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.0% of the company’s shares are short sold.

Analyst Ratings Changes

A number of brokerages have recently weighed in on BKGFY. Royal Bank Of Canada reiterated an “outperform” rating on shares of Berkeley Group in a report on Thursday, June 25th. Zacks Research raised Berkeley Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, June 9th. Berenberg Bank lowered Berkeley Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 26th. Finally, Kepler Capital Markets cut Berkeley Group from a “hold” rating to a “strong sell” rating in a research note on Thursday, July 2nd. Two equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold”.

Berkeley Group Stock Performance

Berkeley Group stock opened at $9.73 on Tuesday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.70 and a current ratio of 3.58. Berkeley Group has a 1-year low of $8.09 and a 1-year high of $12.54. The firm’s fifty day simple moving average is $9.34 and its 200-day simple moving average is $9.72.

Berkeley Group Company Profile

Berkeley Group Holdings plc is a leading UK residential property developer specializing in urban regeneration and new-build communities. Founded in 1976 by Tony Pidgley, the company has built a reputation for delivering high-quality homes in London and the surrounding regions. Its core operations encompass land acquisition, planning, design, construction and sales, with an emphasis on creating mixed-use neighborhoods that integrate housing, public spaces and community amenities.

Over the decades, Berkeley Group has completed numerous landmark projects, including large-scale schemes at Kidbrooke Village, Royal Arsenal Riverside and Elephant Park in east London.