Short Interest in Barratt Developments plc (OTCMKTS:BTDPY) Increases By 7,900.0%

Barratt Developments plc (OTCMKTS:BTDPY) saw a large increase in short interest during the month of November. As of November 15th, there was short interest totalling 72,000 shares, an increase of 7,900.0% from the October 31st total of 900 shares. Based on an average trading volume of 75,100 shares, the days-to-cover ratio is currently 1.0 days.

Analysts Set New Price Targets

Separately, Citigroup upgraded shares of Barratt Developments to a “strong-buy” rating in a research report on Thursday, September 5th.

Barratt Developments Price Performance

BTDPY opened at $10.96 on Friday. The business’s 50-day moving average price is $11.82 and its two-hundred day moving average price is $12.58. Barratt Developments has a 1 year low of $10.11 and a 1 year high of $14.85.

Barratt Developments Increases Dividend

The company also recently announced a dividend, which was paid on Monday, November 18th. Investors of record on Friday, September 27th were given a $0.2582 dividend. The ex-dividend date was Friday, September 27th. This is a positive change from Barratt Developments’s previous dividend of $0.10.

About Barratt Developments

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.