UNITE Group PLC (OTCMKTS:UTGPF) Sees Significant Increase in Short Interest

UNITE Group PLC (OTCMKTS:UTGPF) saw a significant growth in short interest during the month of April. As of April 30th, there was short interest totaling 327,782 shares, a growth of 1,562.6% from the April 15th total of 19,715 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily volume of 1,774 shares, the short-interest ratio is currently 184.8 days.

UNITE Group Price Performance

Shares of UTGPF opened at $6.35 on Tuesday. 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 company’s 50 day simple moving average is $6.35 and its 200-day simple moving average is $7.11. UNITE Group has a 12-month low of $6.08 and a 12-month high of $11.90.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Barclays lowered shares of UNITE Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 17th. Zacks Research upgraded shares of UNITE Group to a “hold” rating in a research note on Tuesday, April 14th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy”.

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.