Whitbread plc (OTCMKTS:WTBDY) Short Interest Down 22.3% in July

Whitbread plc (OTCMKTS:WTBDY – Get Rating) was the recipient of a significant drop in short interest during the month of July. As of July 15th, there was short interest totalling 92,200 shares, a drop of 22.3% from the June 30th total of 118,700 shares. Based on an average daily trading volume, of 282,000 shares, the days-to-cover ratio is presently 0.3 days.

Whitbread Stock Performance

Shares of Whitbread stock opened at $8.08 on Monday. The business has a 50 day moving average of $8.16 and a 200 day moving average of $9.08. Whitbread has a 52 week low of $7.26 and a 52 week high of $12.12.

Whitbread Dividend Announcement

The firm also recently announced a dividend, which was paid on Monday, July 11th. Investors of record on Friday, May 27th were issued a dividend of $0.1086 per share. The ex-dividend date was Thursday, May 26th. This represents a dividend yield of 1.28%.

Analyst Upgrades and Downgrades

WTBDY has been the topic of a number of recent research reports. Peel Hunt cut Whitbread to a “buy” rating in a research note on Tuesday, July 19th. Citigroup raised their price objective on Whitbread from GBX 3,770 ($45.42) to GBX 3,910 ($47.11) in a research note on Tuesday, June 21st. JPMorgan Chase & Co. raised their price objective on Whitbread from GBX 4,000 ($48.19) to GBX 4,150 ($50.00) in a research note on Thursday, June 16th. Liberum Capital raised Whitbread from a “hold” rating to a “buy” rating in a research note on Monday, June 27th. Finally, Societe Generale reduced their price objective on Whitbread from GBX 3,620 ($43.61) to GBX 2,790 ($33.61) in a research note on Thursday, June 16th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $3,712.50.

About Whitbread

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Whitbread plc operates hotels and restaurants in the United Kingdom, Germany, and internationally. It operates approximately 841 hotels with 82,286 rooms in the United Kingdom; 10 hotels in the Middle East; and 35 hotels with 5,875 rooms in Germany under the Premier Inn, ZIP by Premier Inn, and hub by Premier Inn brands.