Berkeley Group Holdings PLC Unsponsored ADR (OTCMKTS:BKGFY) Short Interest Down 44.6% in September

Key Points

• Berkeley Group Holdings PLC saw a significant drop in short interest of 44.6% in September, decreasing from 15,700 shares to 8,700 shares.
• Analysts have mixed opinions on the stock; while Royal Bank Of Canada upgraded its rating to "moderate buy", Zacks Research downgraded it to a "hold" rating.
• The stock is currently trading at $10.65, with a 52-week range between $8.48 and $12.72.

Berkeley Group Holdings PLC Unsponsored ADR (OTCMKTS:BKGFY - Get Free Report) was the recipient of a significant drop in short interest during the month of September. As of September 15th, there was short interest totaling 8,700 shares, a drop of 44.6% from the August 31st total of 15,700 shares. Based on an average daily volume of 113,700 shares, the short-interest ratio is presently 0.1 days. Based on an average daily volume of 113,700 shares, the short-interest ratio is presently 0.1 days.

Analyst Upgrades and Downgrades

Several research firms have recently commented on BKGFY. Royal Bank Of Canada upgraded Berkeley Group from a "strong sell" rating to a "moderate buy" rating in a research report on Wednesday, July 9th. Zacks Research cut Berkeley Group from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 29th. Finally, Kepler Capital Markets upgraded Berkeley Group to a "hold" rating in a research note on Wednesday, July 23rd. Two analysts have rated the stock with a Strong Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy".

Berkeley Group Stock Performance

OTCMKTS:BKGFY opened at $10.65 on Friday. The company has a quick ratio of 0.61, a current ratio of 3.36 and a debt-to-equity ratio of 0.19. The stock has a fifty day simple moving average of $9.94 and a 200-day simple moving average of $10.35. Berkeley Group has a 52-week low of $8.48 and a 52-week high of $12.72.

Berkeley Group Company Profile

The Berkeley Group Holdings plc, together with its subsidiaries, engages in the residential-led and mixed-use property development and ancillary activities in the United Kingdom. The company is involved in land selling activities. It operates under the Berkeley, St Edward, St George, St James, St Joseph, and St William brand names.

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