Barratt Redrow plc. (OTCMKTS:BTDPY) Sees Large Growth in Short Interest

Barratt Redrow plc. (OTCMKTS:BTDPY) was the target of a large growth in short interest in the month of June. As of June 30th, there was short interest totaling 25,025 shares, a growth of ∞ from the June 15th total of 0 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average trading volume of 381,717 shares, the short-interest ratio is currently 0.1 days.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on BTDPY. Zacks Research upgraded shares of Barratt Redrow from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 14th. Royal Bank Of Canada raised shares of Barratt Redrow from a “hold” rating to a “moderate buy” rating in a research report on Wednesday, April 1st. Berenberg Bank raised shares of Barratt Redrow from a “hold” rating to a “strong-buy” rating in a report on Friday, June 26th. Finally, Barclays cut shares of Barratt Redrow from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 19th. Two equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Barratt Redrow has a consensus rating of “Moderate Buy”.

Barratt Redrow Stock Performance

Shares of BTDPY stock opened at $7.75 on Thursday. Barratt Redrow has a 52 week low of $6.38 and a 52 week high of $11.24. The company’s 50 day moving average price is $7.05 and its two-hundred day moving average price is $8.27.

Barratt Redrow Company Profile

Barratt Redrow plc engages in the housebuilding business in the United Kingdom. The company acquires and develops land; plans, designs, and constructs homes, apartments, penthouses, and communities, as well as undertakes mixed-use regeneration schemes; and develops retail, leisure, office, industrial, and mixed-use properties. It is also involved in the commercial development business under the Wilson Bowden Developments brand name. The company offers its homes under the Barratt Homes, David Wilson Homes, and Barratt London brands.