Short Interest in Barratt Developments plc (OTCMKTS:BTDPY) Rises By 12.5%

Barratt Developments plc (OTCMKTS:BTDPY) was the recipient of a significant growth in short interest in the month of October. As of October 31st, there was short interest totalling 900 shares, a growth of 12.5% from the October 15th total of 800 shares. Based on an average daily trading volume, of 11,300 shares, the short-interest ratio is currently 0.1 days.

Barratt Developments Stock Performance

OTCMKTS BTDPY traded down $0.02 on Monday, reaching $10.38. The stock had a trading volume of 14,900 shares, compared to its average volume of 9,814. The business has a 50 day moving average price of $12.31 and a 200 day moving average price of $12.69. Barratt Developments has a 1 year low of $10.29 and a 1 year high of $14.85.

Barratt Developments Increases Dividend

The company also recently disclosed a dividend, which will be paid on Monday, November 18th. Shareholders of record on Friday, September 27th will be given a $0.2582 dividend. This is a positive change from Barratt Developments’s previous dividend of $0.10. The ex-dividend date is Friday, September 27th.

Wall Street Analyst Weigh In

Separately, Citigroup raised Barratt Developments to a “strong-buy” rating in a research report on Thursday, September 5th.

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.