Whitbread PLC - Sponsored ADR (OTCMKTS:WTBDY) Sees Large Decrease in Short Interest

Key Points

• Whitbread PLC experienced a significant decrease in short interest, with only 100 shares sold short as of July 15th, reflecting a drop of 93.8% from the previous month.
• The company recently increased its dividend from $0.11 to $0.201 per share, resulting in a dividend yield of 3.33% for shareholders.
• Despite this positive dividend news, Whitbread's stock fell by 5.0% to $10.38, with a trading volume significantly below its average.

Whitbread PLC - Sponsored ADR (OTCMKTS:WTBDY - Get Free Report) saw a significant drop in short interest during the month of July. As of July 15th, there was short interest totalling 100 shares, a drop of 93.8% from the June 30th total of 1,600 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 6,200 shares, the short-interest ratio is presently 0.0 days.

Analyst Ratings Changes

Separately, Citigroup reaffirmed a "buy" rating on shares of Whitbread in a research report on Monday, June 16th.

Whitbread Trading Down 5.0%

OTCMKTS:WTBDY traded down $0.55 on Tuesday, hitting $10.38. The stock had a trading volume of 5,437 shares, compared to its average volume of 23,347. The business's 50-day simple moving average is $9.93 and its two-hundred day simple moving average is $9.03. Whitbread has a 52-week low of $7.41 and a 52-week high of $11.21.

Whitbread Increases Dividend

The business also recently disclosed a dividend, which was paid on Monday, July 7th. Stockholders of record on Monday, May 26th were given a dividend of $0.201 per share. This is a boost from Whitbread's previous dividend of $0.11. This represents a dividend yield of 3.33%. The ex-dividend date of this dividend was Friday, May 23rd.

Whitbread Company Profile

Whitbread plc operates hotels and restaurants in the United Kingdom, Germany, and internationally. It operates hotels under the Premier Inn, ZIP by Premier Inn, and hub by Premier Inn brands. The company operates restaurants under the Brewers Fayre, Beefeater, Cookhouse & Pub, Bar+Block Steakhouse, Thyme, and Table Table brands in the United Kingdom.

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