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

Barratt Developments plc (OTCMKTS:BTDPY) saw a significant growth in short interest in 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 presently 0.1 days.

Analyst Upgrades and Downgrades

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

Barratt Developments Stock Performance

Shares of OTCMKTS BTDPY traded down $0.02 during midday trading on Friday, hitting $10.38. 14,953 shares of the company’s stock were exchanged, compared to its average volume of 9,815. The stock’s 50 day moving average price is $12.31 and its 200-day moving average price is $12.67. Barratt Developments has a twelve month low of $10.29 and a twelve month high of $14.85.

Barratt Developments Increases Dividend

The business also recently disclosed a dividend, which will be paid on Monday, November 18th. Stockholders of record on Friday, September 27th will be given a dividend of $0.2582 per share. The ex-dividend date is Friday, September 27th. This is an increase from Barratt Developments’s previous dividend of $0.10.

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.