Barratt Redrow plc. (OTCMKTS:BTDPY – Get Free Report) was the target of a large drop in short interest during the month of October. As of October 15th, there was short interest totaling 9,790 shares, a drop of 55.5% from the September 30th total of 22,022 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average trading volume of 24,780 shares, the short-interest ratio is currently 0.4 days.
Analysts Set New Price Targets
A number of analysts recently commented on BTDPY shares. Peel Hunt cut shares of Barratt Redrow from a “moderate buy” rating to a “hold” rating in a report on Monday, September 21st. UBS Group initiated coverage on shares of Barratt Redrow in a research report on Wednesday, September 9th. They set a “buy” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.
View Our Latest Stock Analysis on Barratt Redrow
Barratt Redrow Trading Up 1.3%
Shares of BTDPY opened at $8.61 on Friday. The firm has a fifty day simple moving average of $8.26 and a two-hundred day simple moving average of $8.13. Barratt Redrow has a 1-year low of $6.38 and a 1-year high of $11.24.
Barratt Redrow Company Profile
Barratt Redrow plc is a United Kingdom-based residential property developer created through the combination of Barratt Developments and Redrow. The company builds and sells new homes for a range of buyers, including first-time purchasers, families and customers seeking higher-specification properties.
The group operates through established brands including Barratt Homes, David Wilson Homes, Barratt London and Redrow. Its activities generally include land acquisition, residential planning and design, construction, marketing and the sale of houses and apartments.
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