Rightmove plc (OTCMKTS:RTMVY) was the recipient of a significant decrease in short interest in the month of August. As of August 31st, there was short interest totalling 8,600 shares, a decrease of 73.5% from the August 15th total of 32,500 shares. Based on an average daily volume of 30,400 shares, the short-interest ratio is presently 0.3 days.
Rightmove stock traded up $0.12 during mid-day trading on Wednesday, hitting $20.63. 44,923 shares of the company’s stock were exchanged, compared to its average volume of 47,245. Rightmove has a 1-year low of $15.06 and a 1-year high of $21.13. The stock has a 50 day moving average of $19.26 and a two-hundred day moving average of $17.78.
RTMVY has been the subject of a number of recent research reports. Liberum Capital initiated coverage on Rightmove in a research report on Wednesday. They set a “buy” rating for the company. Morgan Stanley reissued an “equal weight” rating on shares of Rightmove in a research note on Monday, August 16th. UBS Group reaffirmed a “neutral” rating on shares of Rightmove in a research note on Monday. Oddo Bhf began coverage on shares of Rightmove in a research note on Wednesday, June 9th. They issued an “underperform” rating on the stock. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Rightmove in a research note on Monday. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.
Rightmove Plc engages in the operation of property search platform. It caters estate agents and home developers to advertise properties for sale or to rent. It operates through the following segments: Agency, New Homes, and Others. The Agency segment consists of resale and lettings property advertising services, and tenant referencing and insurance product.
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