Barratt Developments plc (OTCMKTS:BTDPY - Get Free Report) saw a significant decrease in short interest in the month of December. As of December 31st, there was short interest totalling 42,300 shares, a decrease of 13.0% from the December 15th total of 48,600 shares. Based on an average daily volume of 58,200 shares, the short-interest ratio is currently 0.7 days.
Separately, Royal Bank of Canada upgraded Barratt Developments from a "hold" rating to a "moderate buy" rating in a research report on Monday, December 2nd.
Read Our Latest Analysis on Barratt Developments
Barratt Developments stock traded up $0.09 during trading hours on Friday, hitting $10.50. 36,661 shares of the stock traded hands, compared to its average volume of 38,836. Barratt Developments has a one year low of $9.68 and a one year high of $14.85. The firm's 50-day moving average price is $10.81 and its two-hundred day moving average price is $12.17.
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.
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