Short Interest in Barratt Developments plc (OTCMKTS:BTDPY) Drops By 96.4%

Barratt Developments plc (OTCMKTS:BTDPY) saw a significant decline in short interest in February. As of February 28th, there was short interest totalling 200 shares, a decline of 96.4% from the February 13th total of 5,500 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 19,500 shares, the short-interest ratio is currently 0.0 days.

Barratt Developments Price Performance

Barratt Developments stock opened at $11.14 on Thursday. The company’s fifty day moving average price is $10.89 and its 200 day moving average price is $11.59. Barratt Developments has a 1 year low of $9.68 and a 1 year high of $14.85.

Barratt Developments Cuts Dividend

The company also recently declared a dividend, which will be paid on Monday, June 2nd. Stockholders of record on Friday, April 4th will be paid a $0.1416 dividend. The ex-dividend date of this dividend is Friday, April 4th.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada raised Barratt Developments from a “hold” rating to a “moderate buy” rating in a report on Monday, December 2nd.

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.