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

Berkeley Group Holdings PLC Unsponsored ADR (OTCMKTS:BKGFY) saw a large decrease in short interest in March. As of March 13th, there was short interest totaling 44,148 shares, a decrease of 24.4% from the February 26th total of 58,400 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 141,962 shares, the days-to-cover ratio is currently 0.3 days.

Analyst Upgrades and Downgrades

BKGFY has been the subject of a number of analyst reports. Jefferies Financial Group raised Berkeley Group from a “hold” rating to a “buy” rating in a research note on Wednesday, December 3rd. Zacks Research raised shares of Berkeley Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, February 5th. Citigroup restated a “neutral” rating on shares of Berkeley Group in a research report on Tuesday, December 16th. Finally, Royal Bank Of Canada reaffirmed an “underperform” rating on shares of Berkeley Group in a report on Thursday, December 11th. Two investment analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold”.

Berkeley Group Price Performance

BKGFY opened at $9.10 on Friday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.65 and a current ratio of 3.54. The company’s 50 day moving average is $11.04 and its 200-day moving average is $10.62. Berkeley Group has a 1-year low of $9.01 and a 1-year high of $12.54.

Berkeley Group Company Profile

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.