Short Interest in Barratt Developments plc (OTCMKTS:BTDPY) Grows By 7,900.0%

Barratt Developments plc (OTCMKTS:BTDPY) saw a significant growth in short interest in November. As of November 15th, there was short interest totalling 72,000 shares, a growth of 7,900.0% from the October 31st total of 900 shares. Based on an average trading volume of 75,100 shares, the short-interest ratio is presently 1.0 days.

Barratt Developments Trading Down 0.1 %

Shares of Barratt Developments stock traded down $0.01 during trading on Wednesday, hitting $10.82. 28,828 shares of the company’s stock traded hands, compared to its average volume of 10,354. Barratt Developments has a 1 year low of $10.11 and a 1 year high of $14.85. The business has a 50-day simple moving average of $11.93 and a 200-day simple moving average of $12.61.

Barratt Developments Increases Dividend

The business also recently declared a dividend, which was paid on Monday, November 18th. Stockholders of record on Friday, September 27th were paid a $0.2582 dividend. The ex-dividend date of this dividend was Friday, September 27th. This is a positive change from Barratt Developments’s previous dividend of $0.10.

Analysts Set New Price Targets

Separately, Citigroup upgraded Barratt Developments to a “strong-buy” rating in a research note on Thursday, September 5th.

About Barratt Developments

Barratt Redrow plc engages in the housebuilding business in the United Kingdom. The company acquires and develops land; plans, designs, and constructs homes, apartments, penthouses, and communities, as well as undertakes mixed-use regeneration schemes; and develops retail, leisure, office, industrial, and mixed-use properties.