UNITE Group PLC (OTCMKTS:UTGPF) Shares Shorted: Short Interest Up 65.2% in September

UNITE Group PLC (OTCMKTS:UTGPF) was the target of a large growth in short interest in September. As of September 15th, there was short interest totaling 861,871 shares, a growth of 65.2% from the August 31st total of 521,779 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average trading volume of 2,750 shares, the days-to-cover ratio is presently 313.4 days.

Wall Street Analyst Weigh In

A number of research firms have issued reports on UTGPF. Citigroup cut UNITE Group from an “overweight” rating to a “hold” rating in a report on Monday, August 3rd. Oddo Bhf lowered UNITE Group to a “neutral” rating in a report on Tuesday, August 4th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of UNITE Group in a research report on Thursday, July 9th. Finally, Barclays downgraded UNITE Group from a “hold” rating to a “strong sell” rating in a report on Monday, August 24th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, UNITE Group has a consensus rating of “Hold”.

UNITE Group Stock Performance

Shares of OTCMKTS UTGPF opened at $5.93 on Friday. The business has a 50-day moving average of $6.45 and a 200-day moving average of $6.36. UNITE Group has a fifty-two week low of $5.93 and a fifty-two week high of $6.69.

About UNITE Group

UNITE Group plc, operating as Unite Students, is a United Kingdom-based company specializing in student accommodation. It develops, owns and manages purpose-built student housing, providing furnished rooms, shared facilities and support services for university students.

The company serves students across major university cities in the United Kingdom. Its accommodation is offered through properties located near universities and transport links, with services covering the marketing, letting and day-to-day management of student residences.

Founded in Bristol in 1991, Unite Group has grown into one of the UK’s prominent providers of purpose-built student accommodation.