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

Key Points

• Whitbread PLC experienced a significant reduction in short interest, dropping from 5,200 shares to just 100 shares as of August 15, indicating a decline of 98.1%.
• The company's stock price fell by 6.1% to $9.99 during mid-day trading, with a 1-year trading range between $7.41 and $11.21.
• Analysts from Citigroup have maintained a "buy" rating on Whitbread's shares, contributing to a consensus rating of "Buy" from multiple analysts.

Whitbread PLC - Sponsored ADR (OTCMKTS:WTBDY - Get Free Report) was the target of a large decrease in short interest in the month of August. As of August 15th, there was short interest totaling 100 shares, adecreaseof98.1% from the July 31st total of 5,200 shares. Based on an average daily trading volume, of 11,800 shares, the days-to-cover ratio is presently 0.0 days. Based on an average daily trading volume, of 11,800 shares, the days-to-cover ratio is presently 0.0 days.

Whitbread Trading Down 6.1%

Shares of OTCMKTS WTBDY traded down $0.65 during mid-day trading on Tuesday, reaching $9.99. 6,066 shares of the company were exchanged, compared to its average volume of 20,485. Whitbread has a 1 year low of $7.41 and a 1 year high of $11.21. The firm has a 50-day moving average of $10.33 and a 200 day moving average of $9.32.

Analysts Set New Price Targets

Separately, Citigroup reiterated a "buy" rating on shares of Whitbread in a report on Thursday, August 21st. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy".

About Whitbread

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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