Short Interest in Rightmove plc (OTCMKTS:RTMVY) Drops By 78.0%

Rightmove plc (OTCMKTS:RTMVY) was the target of a significant drop in short interest during the month of February. As of February 15th, there was short interest totalling 4,100 shares, a drop of 78.0% from the January 31st total of 18,600 shares. Based on an average daily volume of 62,800 shares, the days-to-cover ratio is currently 0.1 days.

Rightmove Price Performance

Shares of RTMVY stock traded up $0.70 during mid-day trading on Friday, hitting $16.73. 33,640 shares of the company’s stock were exchanged, compared to its average volume of 49,752. Rightmove has a fifty-two week low of $12.58 and a fifty-two week high of $19.20. The stock has a 50-day simple moving average of $16.36 and a two-hundred day simple moving average of $16.34.

About Rightmove

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.