Berkeley Group Holdings PLC Unsponsored ADR (OTCMKTS:BKGFY) Sees Significant Drop in Short Interest

Berkeley Group Holdings PLC Unsponsored ADR (OTCMKTS:BKGFY) saw a large decrease in short interest during the month of October. As of October 15th, there was short interest totaling 1,172 shares, a decrease of 93.4% from the September 30th total of 17,822 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 126,718 shares, the days-to-cover ratio is currently 0.0 days.

Wall Street Analysts Forecast Growth

Separately, Kepler Capital Markets cut shares of Berkeley Group from a “hold” rating to a “strong sell” rating in a research report on Thursday, July 2nd. Two investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold”.

Berkeley Group Stock Performance

Berkeley Group stock opened at $9.43 on Wednesday. Berkeley Group has a one year low of $8.09 and a one year high of $12.54. The company has a 50-day simple moving average of $9.06 and a 200-day simple moving average of $9.64.

About Berkeley Group

Berkeley Group Holdings plc is a United Kingdom-based residential property developer that operates through Berkeley Homes and related businesses. The company designs and builds new homes, including apartments, family houses and affordable housing, for private buyers, housing associations and institutional partners.

The group is also involved in large-scale urban regeneration and mixed-use development projects. These projects can include residential communities alongside retail, commercial, community and public spaces, as well as improvements to infrastructure and the surrounding environment.