Barratt Redrow plc. (OTCMKTS:BTDPY) Short Interest Up 152.0% in August

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) saw a significant growth in short interest in August. As of August 31st, there was short interest totaling 44,600 shares, a growth 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 currently 0.7 days. Currently, 0.0% of the company's stock are sold short. Currently, 0.0% of the company's stock are sold short. Based on an average daily volume of 61,800 shares, the short-interest ratio is currently 0.7 days.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Citigroup reaffirmed a "buy" rating on shares of Barratt Redrow in a research report on Thursday. Kepler Capital Markets upgraded shares of Barratt Redrow to a "strong-buy" rating in a research report on Wednesday, July 23rd. Finally, Royal Bank Of Canada restated an "outperform" rating on shares of Barratt Redrow in a report on Thursday. One investment analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Buy".

Barratt Redrow Stock Performance

Shares of BTDPY traded up $0.03 on Thursday, reaching $10.24. The company's stock had a trading volume of 29,357 shares, compared to its average volume of 29,956. The stock's 50 day simple moving average is $10.17 and its two-hundred day simple moving average is $11.30. Barratt Redrow has a 12-month low of $9.39 and a 12-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.