Rightmove plc (OTCMKTS:RTMVF) Sees Large Drop in Short Interest

Rightmove plc (OTCMKTS:RTMVF) was the recipient of a large decrease in short interest in the month of September. As of September 30th, there was short interest totalling 1,124,200 shares, a decrease of 81.1% from the September 15th total of 5,958,400 shares. Based on an average daily volume of 600 shares, the days-to-cover ratio is currently 1,873.7 days.

Rightmove Price Performance

Shares of RTMVF stock remained flat at $8.25 during trading hours on Thursday. The firm has a 50-day moving average price of $7.66 and a two-hundred day moving average price of $7.18. Rightmove has a one year low of $5.50 and a one year high of $9.48.

Rightmove Company Profile

Rightmove plc, together with its subsidiaries, operates online digital property advertising and information portals in the United Kingdom and internationally. The company operates through Agency, New Homes, and Other segments. The Agency segment provides property resale and letting advertising services on its platforms.