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 significant decrease in short interest in the month of August. As of August 14th, there was short interest totaling 46,407 shares, a decrease of 40.6% from the July 30th total of 78,143 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 57,501 shares, the days-to-cover ratio is presently 0.8 days.

Berkeley Group Price Performance

BKGFY opened at $9.45 on Wednesday. The company has a debt-to-equity ratio of 0.18, a current ratio of 3.58 and a quick ratio of 0.70. Berkeley Group has a 52-week low of $8.09 and a 52-week high of $12.54. The stock’s 50 day moving average price is $9.44 and its 200-day moving average price is $9.57.

Analyst Ratings Changes

Several brokerages recently commented on BKGFY. 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 raised shares of Berkeley Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 9th. Royal Bank Of Canada reissued an “outperform” rating on shares of Berkeley Group in a report on Thursday, June 25th. Finally, Berenberg Bank cut shares of Berkeley Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 26th. Two investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold”.

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.