Barratt Developments plc (OTCMKTS:BTDPF) Sees Large Drop in Short Interest

Barratt Developments plc (OTCMKTS:BTDPF) saw a large decrease in short interest during the month of March. As of March 31st, there was short interest totalling 275,100 shares, a decrease of 7.1% from the March 15th total of 296,200 shares. Based on an average daily volume of 2,400 shares, the days-to-cover ratio is currently 114.6 days.

Barratt Developments Price Performance

OTCMKTS:BTDPF opened at $6.02 on Thursday. The firm’s fifty day moving average is $6.24 and its 200-day moving average is $6.15. Barratt Developments has a 52 week low of $4.75 and a 52 week high of $7.48.

Barratt Developments Company Profile

Barratt Developments 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.