UNITE Group PLC (OTCMKTS:UTGPF) Short Interest Update

UNITE Group PLC (OTCMKTS:UTGPF) saw a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 383,742 shares, an increase of 460.0% from the July 30th total of 68,520 shares. Based on an average daily trading volume, of 2,800 shares, the days-to-cover ratio is currently 137.1 days. Currently, 0.1% of the company’s shares are short sold.

UNITE Group Stock Performance

Shares of UTGPF opened at $6.35 on Thursday. UNITE Group has a fifty-two week low of $6.08 and a fifty-two week high of $11.90. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.27. The business’s 50-day moving average is $6.35 and its 200-day moving average is $6.52.

Analysts Set New Price Targets

UTGPF has been the subject of several research analyst reports. Oddo Bhf downgraded shares of UNITE Group to a “neutral” rating in a research report on Tuesday, August 4th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of UNITE Group in a research note on Thursday, July 9th. Barclays lowered UNITE Group from a “hold” rating to a “strong sell” rating in a report on Monday. Finally, Citigroup cut UNITE Group from an “overweight” rating to a “hold” rating in a research report on Monday, August 3rd. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

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.