Short Interest in Bellway p.l.c. (OTCMKTS:BLWYF) Decreases By 69.2%

Bellway p.l.c. (OTCMKTS:BLWYF) saw a significant drop in short interest in the month of March. As of March 31st, there was short interest totalling 6,400 shares, a drop of 69.2% from the March 15th total of 20,800 shares. Based on an average daily volume of 0 shares, the days-to-cover ratio is presently ∞ days.

A number of equities research analysts have recently issued reports on BLWYF shares. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Bellway in a research note on Friday, March 12th. Bank of America raised shares of Bellway from an “underperform” rating to a “neutral” rating in a report on Wednesday. Barclays reiterated an “equal weight” rating on shares of Bellway in a research note on Tuesday, February 16th. Canaccord Genuity restated a “buy” rating on shares of Bellway in a report on Wednesday, February 10th. Finally, Credit Suisse Group reiterated an “outperform” rating on shares of Bellway in a research note on Friday, February 19th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Bellway currently has a consensus rating of “Buy”.

Shares of BLWYF remained flat at $$45.60 during midday trading on Wednesday. The business has a 50-day moving average of $44.31 and a 200 day moving average of $38.49. Bellway has a 12-month low of $22.95 and a 12-month high of $45.60.

Bellway Company Profile

Bellway p.l.c., together with its subsidiaries, engages in the home building business in the United Kingdom. The company builds and sells homes ranging from one-bedroom apartments to six-bedroom family homes, as well as provides homes to housing associations for social housing. It offers homes under Bellway and Ashberry brands.

See Also: Systematic Risk

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