Berkeley Group Holdings PLC Unsponsored ADR (OTCMKTS:BKGFY) Stock Short Interest Declines 47.2%

Berkeley Group Holdings PLC Unsponsored ADR (OTCMKTS:BKGFY) was the target of a significant drop in short interest during the month of September. As of September 15th, there was short interest totaling 25,741 shares, a drop of 47.2% from the August 31st total of 48,787 shares. Based on an average daily volume of 164,573 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.0% of the company’s shares are short sold.

Wall Street Analyst Weigh In

A number of research firms have recently commented on BKGFY. Kepler Capital Markets cut shares of Berkeley Group from a “hold” rating to a “strong sell” rating in a report on Thursday, July 2nd. Royal Bank Of Canada reiterated an “outperform” rating on shares of Berkeley Group in a report on Thursday, June 25th. Zacks Research raised shares of Berkeley Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 9th. Finally, Berenberg Bank downgraded shares of 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 given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Berkeley Group currently has an average rating of “Hold”.

Berkeley Group Trading Down 4.5%

OTCMKTS BKGFY traded down $0.40 during trading on Thursday, reaching $8.43. 36,973 shares of the company’s stock traded hands, compared to its average volume of 101,506. Berkeley Group has a 12-month low of $8.09 and a 12-month high of $12.54. The company has a current ratio of 3.58, a quick ratio of 0.70 and a debt-to-equity ratio of 0.18. The company’s 50 day simple moving average is $9.35 and its two-hundred day simple moving average is $9.20.

Berkeley Group Company Profile

Berkeley Group Holdings plc is a United Kingdom-based residential property developer focused on creating new homes and mixed-use communities. The company develops houses and apartments, including private, affordable and assisted-living properties, and also delivers related infrastructure, public spaces and community facilities.

Established in 1976, Berkeley operates primarily in London, Birmingham and the South of England. Its activities include urban regeneration, brownfield redevelopment and the transformation of large sites into residential neighborhoods.