Berkeley Group Holdings PLC Unsponsored ADR (OTCMKTS:BKGFY) Short Interest Down 77.5% in March

Key Points

• Short interest plunged 77.5% to 9,932 shares as of March 31, yielding a short-interest ratio of 0.0 days and effectively 0.0% of shares sold short.
• Shares opened at $9.29 and are trading below the 50- and 200-day moving averages (~$10.55), with a 12-month range of $8.09 to $12.54.
• The analyst consensus is an average "Hold" (1 Strong Buy, 1 Buy, 4 Hold, 1 Sell), with recent rating moves including Zacks downgrading to Hold and RBC upgrading from Strong Sell to Hold.

Berkeley Group Holdings PLC Unsponsored ADR (OTCMKTS:BKGFY - Get Free Report) was the target of a large decrease in short interest in March. As of March 31st, there was short interest totaling 9,932 shares, a decrease of 77.5% from the March 15th total of 44,148 shares. Based on an average daily trading volume, of 290,940 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the stock are sold short.

Berkeley Group Trading Up 0.7%

Shares of OTCMKTS:BKGFY opened at $9.29 on Friday. The company has a quick ratio of 0.65, a current ratio of 3.54 and a debt-to-equity ratio of 0.19. Berkeley Group has a 12 month low of $8.09 and a 12 month high of $12.54. The company has a 50-day moving average price of $10.55 and a 200 day moving average price of $10.53.

Analyst Ratings Changes

A number of brokerages have issued reports on BKGFY. Zacks Research lowered Berkeley Group from a "strong-buy" rating to a "hold" rating in a research note on Monday, April 6th. Citigroup reiterated a "neutral" rating on shares of Berkeley Group in a research note on Tuesday, December 16th. Finally, Royal Bank Of Canada raised shares of Berkeley Group from a "strong sell" rating to a "hold" rating in a report on Wednesday, April 1st. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold".

About Berkeley Group

Berkeley Group Holdings plc is a leading UK residential property developer specializing in urban regeneration and new-build communities. Founded in 1976 by Tony Pidgley, the company has built a reputation for delivering high-quality homes in London and the surrounding regions. Its core operations encompass land acquisition, planning, design, construction and sales, with an emphasis on creating mixed-use neighborhoods that integrate housing, public spaces and community amenities.

Over the decades, Berkeley Group has completed numerous landmark projects, including large-scale schemes at Kidbrooke Village, Royal Arsenal Riverside and Elephant Park in east London.

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