Berkeley Group Holdings PLC Unsponsored ADR (OTCMKTS:BKGFY) Sees Significant Drop in Short Interest

Berkeley Group Holdings PLC Unsponsored ADR (OTCMKTS:BKGFY) was the recipient of a large decrease in short interest in the month of December. As of December 31st, there was short interest totaling 39,939 shares, a decrease of 42.1% from the December 15th total of 68,991 shares. Based on an average trading volume of 105,979 shares, the short-interest ratio is currently 0.4 days. Currently, 0.0% of the company’s stock are sold short. Currently, 0.0% of the company’s stock are sold short. Based on an average trading volume of 105,979 shares, the short-interest ratio is currently 0.4 days.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Royal Bank Of Canada restated an “underperform” rating on shares of Berkeley Group in a report on Thursday, December 11th. The Goldman Sachs Group initiated coverage on Berkeley Group in a report on Monday, November 24th. They issued a “sell” rating for the company. Jefferies Financial Group raised shares of Berkeley Group from a “hold” rating to a “buy” rating in a research report on Wednesday, December 3rd. Finally, Citigroup reaffirmed a “neutral” rating on shares of Berkeley Group in a research report on Tuesday, December 16th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold”.

Berkeley Group Trading Up 1.4%

Berkeley Group stock opened at $10.97 on Friday. Berkeley Group has a 1 year low of $9.03 and a 1 year high of $12.35. The firm’s 50 day moving average price is $10.36 and its 200-day moving average price is $10.21. The company has a current ratio of 3.54, a quick ratio of 0.65 and a debt-to-equity ratio of 0.19.

About Berkeley Group

Berkeley Group Holdings plc is a leading UK residential property developer specializing in urban regeneration and new-build communities. Founded in 1976 by Tony Pidgley, the company has built a reputation for delivering high-quality homes in London and the surrounding regions. Its core operations encompass land acquisition, planning, design, construction and sales, with an emphasis on creating mixed-use neighborhoods that integrate housing, public spaces and community amenities.

Over the decades, Berkeley Group has completed numerous landmark projects, including large-scale schemes at Kidbrooke Village, Royal Arsenal Riverside and Elephant Park in east London.