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

UNITE Group PLC (OTCMKTS:UTGPF) was the recipient of a large drop in short interest during the month of June. As of June 30th, there was short interest totaling 199,036 shares, a drop of 46.6% from the June 15th total of 372,639 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 943 shares, the days-to-cover ratio is currently 211.1 days.

Analyst Upgrades and Downgrades

Several research firms have weighed in on UTGPF. Barclays downgraded shares of UNITE Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 17th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of UNITE Group in a report on Thursday, July 9th. Finally, Zacks Research upgraded shares of UNITE Group to a “hold” rating in a research note on Tuesday, April 14th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, UNITE Group has a consensus rating of “Moderate Buy”.

UNITE Group Stock Performance

Shares of UNITE Group stock opened at $6.35 on Wednesday. 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 firm has a fifty day moving average price of $6.35 and a 200 day moving average price of $6.81. UNITE Group has a 1 year low of $6.08 and a 1 year high of $11.90.

UNITE Group Company Profile

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.