Short Interest in Rightmove plc (OTCMKTS:RTMVY) Grows By 1,811.1%

Rightmove plc (OTCMKTS:RTMVY) saw a large increase in short interest in the month of December. As of December 31st, there was short interest totalling 17,200 shares, an increase of 1,811.1% from the December 15th total of 900 shares. Based on an average trading volume of 61,400 shares, the short-interest ratio is currently 0.3 days.

A number of research analysts recently issued reports on the stock. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Rightmove in a research report on Tuesday, October 19th. Citigroup reiterated a “sell” rating on shares of Rightmove in a research note on Tuesday, September 21st. Four investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold”.

Shares of RTMVY stock opened at $19.01 on Friday. The company has a 50 day moving average price of $20.32 and a 200-day moving average price of $19.54. Rightmove has a 52 week low of $15.50 and a 52 week high of $22.09.

Rightmove Company Profile

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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