Barratt Developments plc (OTCMKTS:BTDPY) Sees Significant Increase in Short Interest

Barratt Developments plc (OTCMKTS:BTDPY) was the target of a significant increase in short interest in April. As of April 15th, there was short interest totalling 5,800 shares, an increase of 866.7% from the March 31st total of 600 shares. Based on an average trading volume of 18,800 shares, the days-to-cover ratio is currently 0.3 days.

Barratt Developments Price Performance

BTDPY opened at $11.23 on Friday. The company has a fifty day moving average price of $11.83 and a two-hundred day moving average price of $12.27. Barratt Developments has a 1-year low of $9.45 and a 1-year high of $14.55.

Barratt Developments Cuts Dividend

The company also recently announced a dividend, which will be paid on Monday, June 3rd. Investors of record on Friday, April 12th will be given a $0.0992 dividend. The ex-dividend date is Thursday, April 11th.

About Barratt Developments

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.