Berkeley Group Holdings PLC Unsponsored ADR (OTCMKTS:BKGFY) Short Interest Down 33.2% in July

Berkeley Group Holdings PLC Unsponsored ADR (OTCMKTS:BKGFY) was the recipient of a large drop in short interest in July. As of July 15th, there was short interest totaling 49,711 shares, a drop of 33.2% from the June 30th total of 74,405 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average trading volume of 167,758 shares, the short-interest ratio is currently 0.3 days.

Analysts Set New Price Targets

Several equities research analysts have weighed in on BKGFY shares. Kepler Capital Markets downgraded shares of Berkeley Group from a “hold” rating to a “strong sell” rating in a research note on Thursday, July 2nd. Zacks Research upgraded Berkeley Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, June 9th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Berkeley Group in a research report on Thursday, June 25th. Finally, Berenberg Bank downgraded Berkeley Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, June 26th. Two research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Berkeley Group Stock Performance

OTCMKTS BKGFY opened at $9.47 on Friday. The company has a fifty day simple moving average of $9.21 and a 200 day simple moving average of $9.82. Berkeley Group has a 12-month low of $8.09 and a 12-month high of $12.54. The company has a debt-to-equity ratio of 0.18, a current ratio of 3.58 and a quick ratio of 0.70.

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.