Barratt Redrow plc. (OTCMKTS:BTDPY) Sees Significant Increase in Short Interest

Key Points

• Barratt Redrow plc. experienced a **152.0% increase** in short interest in August, with total shares short rising to **44,600** from **17,700**.
• Kepler Capital Markets has upgraded Barratt Redrow to a **"strong-buy"** rating, reflecting increased analyst confidence in the company's stock.
• The company's stock price fell by **0.7%** to **$10.01**, with recent trading volumes significantly higher than its average.

Barratt Redrow plc. (OTCMKTS:BTDPY - Get Free Report) was the target of a large increase in short interest in August. As of August 31st, there was short interest totaling 44,600 shares, an increase of 152.0% from the August 15th total of 17,700 shares. Based on an average daily volume of 61,800 shares, the short-interest ratio is presently 0.7 days. Currently, 0.0% of the shares of the company are sold short. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 61,800 shares, the short-interest ratio is presently 0.7 days.

Analysts Set New Price Targets

Separately, Kepler Capital Markets upgraded Barratt Redrow to a "strong-buy" rating in a research report on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat.com, the company presently has an average rating of "Strong Buy".

Barratt Redrow Stock Down 0.7%

OTCMKTS BTDPY traded down $0.07 during mid-day trading on Friday, hitting $10.01. The stock had a trading volume of 71,037 shares, compared to its average volume of 35,311. The firm's 50 day moving average is $10.26 and its 200 day moving average is $11.31. Barratt Redrow has a twelve month low of $9.39 and a twelve month high of $13.59.

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.

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