Rightmove plc (OTCMKTS:RTMVY – Get Free Report) was the recipient of a large drop in short interest during the month of April. As of April 15th, there was short interest totalling 26,600 shares, a drop of 46.6% from the March 31st total of 49,800 shares. Based on an average daily trading volume, of 55,800 shares, the short-interest ratio is presently 0.5 days.
Rightmove Price Performance
Shares of OTCMKTS:RTMVY remained flat at $12.78 during trading on Friday. 32,486 shares of the stock traded hands, compared to its average volume of 46,327. The company’s fifty day moving average is $13.99 and its 200-day moving average is $13.72. Rightmove has a 12 month low of $11.24 and a 12 month high of $15.14.
Rightmove Increases Dividend
The firm also recently announced a dividend, which will be paid on Monday, June 10th. Shareholders of record on Friday, April 26th will be issued a dividend of $0.1265 per share. The ex-dividend date is Thursday, April 25th. This is a positive change from Rightmove’s previous dividend of $0.08.
Rightmove Company Profile
Rightmove plc, together with its subsidiaries, operates online digital property advertising and information portals in the United Kingdom and internationally. The company operates through Agency, New Homes, and Other segments. The Agency segment provides property resale and letting advertising services on its platforms.
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