UNITE Group PLC (OTCMKTS:UTGPF) Short Interest Update

UNITE Group PLC (OTCMKTS:UTGPF) was the target of a large increase in short interest in the month of August. As of August 14th, there was short interest totaling 383,742 shares, an increase of 460.0% from the July 30th total of 68,520 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average trading volume of 2,800 shares, the short-interest ratio is currently 137.1 days.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Oddo Bhf downgraded shares of UNITE Group to a “neutral” rating in a report on Tuesday, August 4th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of UNITE Group in a research note on Thursday, July 9th. Barclays lowered shares of UNITE Group from a “hold” rating to a “strong sell” rating in a report on Monday. Finally, Citigroup downgraded UNITE Group from an “overweight” rating to a “hold” rating in a report on Monday, August 3rd. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold”.

UNITE Group Price Performance

UNITE Group stock opened at $6.35 on Wednesday. UNITE Group has a 12 month low of $6.08 and a 12 month high of $11.90. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.75 and a current ratio of 0.75. The stock’s 50-day moving average is $6.35 and its 200-day moving average is $6.53.

UNITE Group Company Profile

Unite Students is the UK's largest owner, manager and developer of purpose-built student accommodation serving the country's world-leading Higher Education sector. Following our successful £1.4bn acquisition of Liberty Living's UK assets in November 2019, we now provide homes to 76,000 students across 177 properties in 27 leading university towns and cities. Our people are driven by a common purpose: to provide a 'Home for Success' for the students who live with us and to be the most trusted brand in the sector.