Great Portland Estates Plc (OTCMKTS:GPEAF – Get Free Report) was the recipient of a significant decrease in short interest in the month of March. As of March 31st, there was short interest totalling 1,237,300 shares, a decrease of 30.8% from the March 15th total of 1,788,400 shares. Based on an average trading volume of 1,200 shares, the days-to-cover ratio is currently 1,031.1 days. Currently, 0.5% of the shares of the company are sold short.
Great Portland Estates Stock Performance
Shares of OTCMKTS:GPEAF remained flat at $3.64 during trading hours on Friday. The stock’s fifty day simple moving average is $3.45 and its 200-day simple moving average is $3.75. Great Portland Estates has a 52 week low of $3.28 and a 52 week high of $4.14.
Wall Street Analysts Forecast Growth
Separately, BNP Paribas upgraded Great Portland Estates from a “strong sell” rating to a “hold” rating in a research note on Wednesday.
Great Portland Estates Company Profile
We are a FTSE 250 property investment and development company owning £2.5 billion of real estate in central London. We proactively manage our portfolio, flexing our activities in tune with London’s property cycle to deliver long-term out-performance. We create in-demand spaces that people want to be part of; helping our occupiers, local communities and the city to thrive.
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