Barratt Developments plc (OTCMKTS:BTDPY – Get Free Report) was the target of a large drop in short interest in the month of September. As of September 15th, there was short interest totalling 4,500 shares, a drop of 19.6% from the August 31st total of 5,600 shares. Based on an average daily trading volume, of 7,600 shares, the days-to-cover ratio is currently 0.6 days.
Analysts Set New Price Targets
Separately, Citigroup upgraded shares of Barratt Developments to a “strong-buy” rating in a research note on Thursday, September 5th.
Check Out Our Latest Report on BTDPY
Barratt Developments Stock Performance
Barratt Developments Increases Dividend
The business also recently disclosed a dividend, which will be paid on Monday, November 18th. Shareholders of record on Friday, September 27th will be paid a dividend of $0.2582 per share. This is an increase from Barratt Developments’s previous dividend of $0.10. The ex-dividend date is Friday, September 27th.
Barratt Developments Company Profile
Barratt Developments 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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