Derwent Valley Holdings Plc (OTCMKTS:DWVYF) Sees Significant Drop in Short Interest

Key Points

• Derwent Valley Holdings Plc experienced a 97.3% decline in short interest in September, dropping from 266,100 shares to just 7,200 shares.
• BNP Paribas recently downgraded the company to an "underperform" rating, while the consensus rating remains a "Moderate Buy" based on multiple analyst ratings.
• The company's share price has remained stable at $22.90, with a 12-month range between $22.90 and $30.30.

Derwent Valley Holdings Plc (OTCMKTS:DWVYF - Get Free Report) was the target of a large decline in short interest in September. As of September 30th, there was short interest totaling 7,200 shares, a decline of 97.3% from the September 15th total of 266,100 shares. Based on an average trading volume of 100 shares, the days-to-cover ratio is currently 72.0 days. Based on an average trading volume of 100 shares, the days-to-cover ratio is currently 72.0 days.

Analyst Ratings Changes

Separately, BNP Paribas cut Derwent Valley to an "underperform" rating in a research report on Wednesday, September 10th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy".

Derwent Valley Price Performance

Shares of DWVYF remained flat at $22.90 during mid-day trading on Thursday. The business has a 50-day moving average of $22.76 and a 200 day moving average of $22.87. Derwent Valley has a 12 month low of $22.90 and a 12 month high of $30.30.

Derwent Valley Company Profile

Derwent London plc owns 66 buildings in a commercial real estate portfolio predominantly in central London valued at £4.9 billion as at 31 December 2023, making it the largest London office-focused real estate investment trust (REIT). Our experienced team has a long track record of creating value throughout the property cycle by regenerating our buildings via development or refurbishment, effective asset management and capital recycling.

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