Rightmove plc (OTCMKTS:RTMVY) Short Interest Up 326.3% in February

Rightmove plc (OTCMKTS:RTMVY) was the target of a large growth in short interest during the month of February. As of February 13th, there was short interest totaling 2,950 shares, a growth of 326.3% from the January 29th total of 692 shares. Based on an average daily volume of 715,246 shares, the short-interest ratio is currently 0.0 days. Based on an average daily volume of 715,246 shares, the short-interest ratio is currently 0.0 days.

Rightmove Trading Up 4.0%

RTMVY opened at $11.99 on Friday. Rightmove has a twelve month low of $11.12 and a twelve month high of $22.15. The company’s 50-day moving average price is $12.99 and its two-hundred day moving average price is $15.96.

Wall Street Analyst Weigh In

RTMVY has been the topic of a number of recent research reports. Santander upgraded Rightmove to an “outperform” rating in a report on Tuesday, November 11th. Morgan Stanley downgraded shares of Rightmove from an “overweight” rating to an “underweight” rating in a report on Friday, January 9th. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold”.

About Rightmove

Rightmove plc is a leading online real estate portal headquartered in London, United Kingdom. Launched in April 2000, the company was created by a consortium of UK estate agents to provide a centralized platform for property listings. It has since grown to become the foremost digital marketplace for residential and commercial property in the UK, facilitating connections between buyers, sellers, landlords, tenants, and industry professionals.

The core offering of Rightmove is its property portal, which aggregates listings from estate agents, house builders and new homes developers.