UNITE Group PLC (OTCMKTS:UTGPF) Short Interest Update

UNITE Group PLC (OTCMKTS:UTGPF) was the recipient of a significant decrease in short interest in July. As of July 31st, there was short interest totaling 68,520 shares, a decrease of 82.7% from the July 15th total of 394,929 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 24 shares, the short-interest ratio is currently 2,855.0 days.

UNITE Group Price Performance

UNITE Group stock opened at $6.35 on Friday. UNITE Group has a 52 week low of $6.08 and a 52 week high of $11.90. The business has a 50-day simple moving average of $6.35 and a 200 day simple moving average of $6.61. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.75 and a current ratio of 0.75.

Analysts Set New Price Targets

A number of brokerages recently issued reports on UTGPF. Citigroup cut UNITE Group from an “overweight” rating to a “hold” rating in a report on Monday, August 3rd. Oddo Bhf cut UNITE Group to a “neutral” rating in a research report on Tuesday, August 4th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of UNITE Group in a report on Thursday, July 9th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, UNITE Group has a consensus 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.