UNITE Group PLC (OTCMKTS:UTGPF) Sees Large Growth in Short Interest

UNITE Group PLC (OTCMKTS:UTGPF) saw a significant growth in short interest during the month of April. As of April 30th, there was short interest totaling 327,782 shares, a growth of 1,562.6% from the April 15th total of 19,715 shares. Based on an average daily trading volume, of 1,774 shares, the short-interest ratio is presently 184.8 days. Approximately 0.1% of the shares of the company are sold short.

Analysts Set New Price Targets

UTGPF has been the topic of several research analyst reports. Barclays cut shares of UNITE Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 17th. Zacks Research upgraded shares of UNITE Group to a “hold” rating in a research report on Tuesday, April 14th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy”.

UNITE Group Stock Performance

UTGPF stock remained flat at $6.35 during midday trading on Wednesday. The company’s stock had a trading volume of 23,267 shares, compared to its average volume of 578. UNITE Group has a 1-year low of $6.08 and a 1-year high of $11.90. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.75 and a quick ratio of 0.75. The business has a 50 day moving average price of $6.34 and a 200 day moving average price of $7.10.

About UNITE Group

Unite Students is the UK's largest owner, manager and developer of purpose-built student accommodation serving the country's world-leading Higher Education sector. Following our successful £1.4bn acquisition of Liberty Living's UK assets in November 2019, we now provide homes to 76,000 students across 177 properties in 27 leading university towns and cities. Our people are driven by a common purpose: to provide a 'Home for Success' for the students who live with us and to be the most trusted brand in the sector.