Rightmove plc (OTCMKTS:RTMVY) Sees Large Increase in Short Interest

Rightmove plc (OTCMKTS:RTMVY) was the target of a significant growth in short interest during the month of December. As of December 15th, there was short interest totaling 2,573 shares, a growth of 115.1% from the November 30th total of 1,196 shares. Based on an average trading volume of 323,641 shares, the days-to-cover ratio is presently 0.0 days. Based on an average trading volume of 323,641 shares, the days-to-cover ratio is presently 0.0 days.

Rightmove Price Performance

OTCMKTS RTMVY remained flat at $13.85 during trading hours on Friday. The company’s stock had a trading volume of 48,485 shares, compared to its average volume of 73,072. Rightmove has a 12 month low of $13.52 and a 12 month high of $22.15. The company’s 50-day simple moving average is $15.21 and its 200 day simple moving average is $18.55.

Analyst Upgrades and Downgrades

Separately, Santander raised Rightmove to an “outperform” rating in a research note on Tuesday, November 11th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy”.

About Rightmove

Rightmove plc is a leading online real estate portal headquartered in London, United Kingdom. Launched in April 2000, the company was created by a consortium of UK estate agents to provide a centralized platform for property listings. It has since grown to become the foremost digital marketplace for residential and commercial property in the UK, facilitating connections between buyers, sellers, landlords, tenants, and industry professionals.

The core offering of Rightmove is its property portal, which aggregates listings from estate agents, house builders and new homes developers.