Grand City Properties S.A. (OTCMKTS:GRNNF) Sees Large Drop in Short Interest

Grand City Properties S.A. (OTCMKTS:GRNNF) saw a large decline in short interest in December. As of December 31st, there was short interest totalling 103,500 shares, a decline of 9.5% from the December 15th total of 114,400 shares. Based on an average trading volume of 900 shares, the days-to-cover ratio is presently 115.0 days.

Grand City Properties Price Performance

OTCMKTS:GRNNF remained flat at $12.09 during trading hours on Friday. Grand City Properties has a 1-year low of $9.63 and a 1-year high of $14.00. The company’s fifty day simple moving average is $12.63 and its 200 day simple moving average is $12.81.

About Grand City Properties

Grand City Properties SA engages in the residential real estate business in Germany, the United Kingdom, and internationally. The company invests in, manages, and rents real estate properties in North Rhine-Westphalia and Berlin; metropolitan regions of Dresden, Leipzig, and Halle; and the cities in the north of Germany, Bremen, Hamburg, and Hannover, as well as other major urban centers, such as Nuremberg, Munch, Mannheim, Frankfurt, and London.