Barratt Developments plc (OTCMKTS:BTDPY) Short Interest Update

Barratt Developments plc (OTCMKTS:BTDPY) 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.

Barratt Developments Stock Performance

Shares of Barratt Developments stock traded up $0.04 on Friday, hitting $12.89. 3,181 shares of the company’s stock traded hands, compared to its average volume of 8,397. Barratt Developments has a 52-week low of $9.45 and a 52-week high of $14.85. The firm’s 50-day moving average is $13.39 and its 200 day moving average is $12.62.

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.